October 5, 2026/Cordros Report
EQUITIES
The local equities market opened the week on a bearish note, as losses in NESTLE (-5.2%), GTCO (-0.5%), UBA (-0.7%) and TRANSCORP (-0.7%) caused the All-Share Index to close lower by 0.1% to 250,667.86 points. Consequently, the Month-to-Date and Year-to-Date returns settled at -0.2% and +61.1%, respectively.
The total volume traded declined by 59.3% to 875.28 million units, valued at NGN40.88 billion, and exchanged in 53,887 deals. ACCESSCORP was the most traded stock by volume and value at 440.65 million units and NGN13.23 billion, respectively.
Sectoral performance was mixed as the Insurance (-1.2%), Consumer Goods (-0.7%) and Oil & Gas (-0.1%) indices declined, while the Banking (+0.4%) index advanced. Meanwhile, the Industrial Goods index closed flat.
As measured by market breadth, market sentiment was negative (0.8x), as 24 tickers gained relative to 29 losers. ABCTRANS (-9.5%) and AFRIPRUD (-7.3%) led the laggards, while SOVRENINS (+10.0%) and FTNCOCOA (+10.0%) posted the most significant gains of the day.
CURRENCY
The official FX rate depreciated by 0.1% to NGN1,332.14/USD.
MONEY MARKET & FIXED INCOME
The overnight lending rate contracted by 26bps to 20.5% in the absence of any significant pressure in the system
The Treasury bill secondary market traded on a bullish note as average yield contracted by 3bps to 17.8%. Across the curve, average yield contracted at the short (-2bps), mid (-2bps) and Long (-4bps) segments driven by demand for the 80DTM (-3bps), 171DTM (-3bps) and 353DTM (-3bps) bills. Elsewhere, the average yield contracted by 6bps to 18.8% in the OMO segment.
The FGN bond secondary market traded on quiet note as the average yield remained unchanged at 15.6%.
Kindly see below our Mutual Fund prices and returns as of today.
