October 6, 2026/Cordros Report
EQUITIES
The local equities market closed on a bearish note as profit-taking activities in FIRSTHOLDCO (-5.1%), ETI (-2.7%), STANBIC (-1.2%), and UNILEVER (-4.1%) dragged the All-Share Index lower by 0.2% to 250,273.50 points. Consequently, the Month-to-Date and Year-to-Date returns settled at -0.4% and +60.8%, respectively.
The total volume traded declined by 33.8% to 579.25 million units, valued at NGN36.07 billion, and exchanged in 41,072 deals. ACCESSCORP was the most traded stock by volume at 192.58 million units, while ARADEL was the most traded stock by value at NGN7.63 billion, respectively.
Sectoral performance was mixed as the Banking (-1.3%) index declined, while the Insurance (+0.5%) index advanced. Furthermore, the Consumer Goods, Industrial Goods and Oil & Gas indices closed flat.
As measured by market breadth, market sentiment was negative (0.8x), as 26 tickers gained relative to 34 losers. ABCTRANS (-9.7%) and CWG (-7.2%) led the losers, while TRIPPLEG (+9.8%) and LIVESTOCK (+9.7%) posted the most significant gains of the day.
CURRENCY
The official FX rate appreciated by 0.1% to NGN1,331.54/USD.
MONEY MARKET & FIXED INCOME
The overnight lending rate expanded by 25bps to 22.2% despite inflows from OMO maturities (NGN2.17 trillion).
The Treasury bill secondary market traded on a bullish note as the average yield contracted by 1bp to 17.8%. Across the curve, the average yield contracted at the short (-1bp) and mid (-1bp) segments, driven by demand for the 80DTM (-1bp) and 171DTM (-1bp) bills, respectively. Average yield in the long end remained unchanged at 18.2%. Similarly, the average yield contracted by 6bps to 18.7% 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 (+1bp), and long (+7bps) segments, driven by sell pressures on the FEB-2031 (+25bps), FEB-2034 (+35bps), and SEP-2036 (+26bps) bonds, respectively.
Kindly see below our Mutual Fund prices and returns as of today.
