September 30, 2026/Cordros Report
EQUITIES
The Nigerian equities market closed today on a bearish note, as losses in MTNN (-3.0%), HBMNG (-1.5%), FIDELITYBK (-6.1%), and ACCESSCORP (-2.3%) caused the All-Share index to close lower by -0.3% to 251,211.67 points. Consequently, the Month-to-Date and Year-to-Date returns settled at +2.9% and +61.4%, respectively.
The total volume traded advanced by 88.7% to 1.04 billion units, valued at NGN53.64 billion, and exchanged in 44,469 deals. VDFGROUP was the most traded stock by volume at 158.18 million units, while UACN was the most traded stock by value at NGN21.51 billion.
Sectoral performance was mixed, as the Insurance (-1.0%), and Banking (-0.6%) indices declined, while the Industrial Goods (+0.7%) index advanced. The Oil & Gas and Consumer Goods indices closed flat.
As measured by market breadth, market sentiment was negative (0.9x), as 25 tickers gained relative to 28 losers. LEARNAFRICA (-10.0%) and THOMASWY (-9.8%) led the laggards, while HMCALL (+10.0%) and CMFC (+9.9%) posted the most significant gains of the day.
CURRENCY
The official FX rate appreciated by 0.1% to NGN1,329.32/USD.
MONEY MARKET & FIXED INCOME
The overnight lending rate contracted by 38bps to 22.2% 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 3bps to 17.8%. Across the curve, the average yield contracted at the short (-1bp), mid (-2bps) and long (-5bps) segments, driven by demand for the 78DTM (-1bp), 155DTM (-11bps) and 281DTM (-27bps) bills, respectively. Similarly, the average yield contracted by 10bps to 18.8% in the OMO segment.
Elsewhere, the FGN bond secondary market traded on a bearish note as the average yield expanded by 2bps to 15.7%. Across the benchmark curve, the average yield expanded at the short (+5bps) and long (+1bp) ends, due to sell pressures on the FEB-2031 (+12bps) and JUN-2038 (+4bps) bonds, respectively. The average yield closed flat at the mid segment.
Kindly see below our Mutual Fund prices and returns as of today.
