October 14, 2026/Cordros Report
EQUITIES
The Nigerian equities market closed today on a bullish note, as gains in ARADEL (+1.7%), ACCESSCORP (+1.4%), ETRANZACT (+9.8%), and WEMABANK (+2.7%) caused the All-Share index to close higher by 0.1% to 247,673.66 points. Consequently, the Month-to-Date and Year-to-Date returns settled at -1.4% and +59.2%, respectively.
The total volume traded declined by 20.1% to 314.91 million units, valued at NGN28.59 billion, and exchanged in 30,956 deals. ACCESSCORP was the most traded stock by volume at 99.37 million units, while SEPLAT was the most traded stock by value at NGN14.46 billion.
Sectoral performance was mixed, as the Oil & Gas (+0.6%), Insurance (+0.4%), and Banking (+0.1%) indices advanced, while the Consumer Goods (-0.2%) index declined. The Industrial Goods index closed flat.
As measured by market breadth, market sentiment was positive (1.8x), as 31 tickers gained relative to 17 losers. AUSTINLAZ (+10.0%) and ETRANZACT (+9.8%) led the gainers, while UPDCREIT (-10.0%) and UPDC (-6.0%) posted the most significant loss of the day.
CURRENCY
The official FX rate appreciated by 0.1% to NGN1,332.73/USD.
MONEY MARKET & FIXED INCOME
The overnight lending rate contracted by 29bps to 20.4% in the absence of any significant funding pressure on the system.
Activities in the Treasury bill secondary market were calm albeit with a bearish undertone, as the average yield expanded by 1bp to 17.9%. Across the curve, the average yield expanded at the short (+4bps) end, driven by selloffs of the 22DTM (+61bps) bill, but contracted at the mid (-1bp) and long (-1bp) segments, driven by demand for the 176DTM (-1bp), and 358DTM (-1bp) bills. Meanwhile, the average yield expanded by 10bps to 18.7% in the OMO segment.
Elsewhere, the FGN bond secondary market traded on a bearish note as the average yield expanded by 17bps to 16.1%. Across the benchmark curve, the average yield expanded at the short (+42bps), mid (+1bp) and long (+7bps) segments, due to sell pressures on the MAR-2027 (+192bps), JUN-2033 (+4bps) and JAN-2042 (+18bps) bonds, respectively.
Kindly see below our Mutual Fund prices and returns as of today.
