September 1, 2026/Cordros Report
EQUITIES
The domestic bourse closed today’s trading session on a bullish note, as gains in ARADEL (+8.8%), HBMNG (+4.5%), NESTLE (+5.8%) and FIRSTHOLDCO (+1.2%) caused the All-Share Index to close higher by 0.8% to 246,082.63 points. Consequently, the Month-to-Date and Year-to-Date returns settled at +0.8% and +58.1%, respectively.
The total volume traded advanced by 7.4% to 651.32 million units, valued at NGN40.77 billion, and was exchanged in 43,760 deals. ACCESSCORP was the most traded stock by volume at 129.89 million units, while MTNN was the most traded stock by value at NGN4.69 billion.
Sectoral performance was positive, as the Oil & Gas (+3.9%), Insurance (+3.3%), Banking (+0.9%), Consumer Goods (+0.9%), and Industrial Goods (+0.7%) indices advanced.
As measured by market breadth, market sentiment was positive (2.1x), as 40 tickers gained relative to 19 losers. FTNCOCOA (+10.0%) and MCNICHOLS (+10.0%) led the gainers, while TRIPPLEG (-9.7%) and ABCTRANS (-9.5%) posted the most significant losses of the day.
CURRENCY
The official FX rate depreciated by 0.3% to NGN1,329.30/USD.
MONEY MARKET & FIXED INCOME
The overnight lending rate expanded by 7bps to 22.2% despite inflows from OMO maturities (NGN2.25 trillion).
The Treasury bill secondary market traded on a quiet note as the average yield remained unchanged at 18.9%. Across the curve, the average yield contracted at the short (-1bp) and long (-2bps) ends, driven by buying interests in the 86DTM (-1bps) and 345DTM (-22bps) bills, respectively, but expanded at the mid (+3bp) segment due to sell pressures on the 100DTM (+25bps) bill. The average yield expanded by 39bps to 20.7% in the OMO segment.
Elsewhere, the FGN bond secondary market traded on a bullish note as the average yield contracted by 5bps to 16.5%. Across the curve, the average yield contracted at the mid (-1bp) and long (-13bps) segments driven by demand for the MAR-2035 (-3bps) and JUL-2045 (-28bps) bonds, respectively, but expanded at the short (+2bps) end due to selloffs of the FEB-2028 (+9bps) bond.
Kindly see below our Mutual Fund prices and returns as of today.
