October 15, 2026/Cordros Report
EQUITIES
The local bourse closed on a mildly positive note today as gains in ARADEL (+7.1%), INTBREW (+4.7%), FIRSTHOLDCO (+0.8%) and ETI (+1.3%) spurred a 1bp increase in the All-Share Index to 247,707.13 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 8.9% to 286.76 million units, valued at NGN15.31 billion, and exchanged in 30,247 deals. UBA was the most traded stock by volume at 36.37 million units while GTCO was the most traded stock by value at NGN2.44 billion.
Sectoral performance was broadly positive as the Oil & Gas (+2.6%), Banking (+0.2%) and Consumer Goods (+0.1%) indices closed higher, while the Insurance (-0.2%) index declined. The Industrial Goods index closed flat.
As measured by market breadth, market sentiment was positive (1.1x), as 26 tickers gained relative to 24 losers. MULTITREX (+10.0%) and ZICHIS (+10.0%) led the gainers while ENAMELWA (-10.0%) and NASCON (-9.5%) posted the most significant losses of the day.
CURRENCY
The official FX rate appreciated by 1bp to NGN1,332.66/USD.
MONEY MARKET & FIXED INCOME
The overnight lending rate contracted by 5bps to 20.4%, in the absence of any significant funding pressure on the system.
The Treasury bill secondary market traded on a quiet note albeit with a bullish tilt, as the average yield contracted by 1bp at 17.9%. Across the curve, the average yield contracted at the short (-1bp), mid (-1bp) and long (-1bp) segments, driven by demand for the 91DTM (-1bp), 175DTM (-1bp) and 357DTM (-3bps) bills, respectively. Meanwhile, the average yield remained unchanged at 18.7% in the OMO segment.
Elsewhere, the FGN bond secondary market traded on a bearish note as the average yield expanded by 11bps to 16.2%. Across the benchmark curve, the average yield expanded at the mid (+35bps) and long (+3bps) segments, driven by selloffs of the JUL-2034 (+59bps) and JUN-2038 (+11bps) bonds, respectively but remained unchanged at the short end.
Kindly see below our Mutual Fund prices and returns as of today.
