September 28, 2026/Cordros Report
EQUITIES
The domestic bourse opened the week on a bullish note, buoyed by gains in FIRSTHOLDCO (+2.1%), FIDELITYBK (+6.5%), UBA (+1.8%), ETI (+1.5%) and UACN (+3.2%), which drove the All-Share Index higher by 0.2% to 252,635.11 points. Consequently, the Month-to-Date and Year-to-Date returns settled higher at +3.5% and +62.4%, respectively.
The total volume traded advanced by 43.1% to 1.01 billion units, valued at NGN39.02 billion, and exchanged in 61,517 deals. FIDELITYBK was the most traded stock by volume and value at 528.00 million units and NGN10.63 billion, respectively.
Sectoral performance was mixed as the Banking (+1.1%) index advanced, while the Consumer Goods (-0.1%) index declined. Meanwhile the Oil & Gas, Industrial Goods and Insurance indices closed flat.
As measured by market breadth, market sentiment was positive (1.4x), as 32 tickers gained relative to 23 losers. UPL (+9.9%) and CMFC (+9.8%) led the gainers, while FTGINSURE (-9.5%) and TRANSEXPR (-8.5%) posted the most significant losses of the day.
CURRENCY
The official FX rate depreciated by 0.1% to NGN1,331.55/USD.
MONEY MARKET & FIXED INCOME
The overnight lending rate expanded by 19bps to 20.8% in the absence of any significant funding pressure on the system.
The Treasury bill secondary market traded on a bullish note as the average yield contracted by 6bps to 17.8%. Across the curve, the average yield contracted at the short (-3bps), mid (-10bps) and long (-4bps) segments, driven by demand for the 87DTM (-3bps), 101DTM (-40bps) and 346DTM (-20bps) bills, respectively. Similarly, the average yield contracted by 83bps to 18.9% in the OMO segment.
Elsewhere, the FGN bond secondary market traded on a bearish note as the average yield expanded by 7bps to 15.7%. Across the benchmark curve, the average yield expanded at the short (+10bps), mid (+5bps) and long (+6bps) segments, driven by selloffs of the FEB-2031 (+24bps), JUN-2033 (+24bps) and APR-2037 (+20bps) bonds, respectively.
Kindly see below our Mutual Fund prices and returns as of today. 