October 19, 2026/Cordros Report
EQUITIES
The domestic bourse opened the week on a bearish note, pressured by selloffs of DANGCEM (-5.5%), ZENITHBANK (-1.6%), GTCO (-1.4%), ETI (-4.8%) and UBA (-2.3%), which drove the All-Share Index lower by 0.9% to 245,278.34 points. Consequently, the Month-to-Date and Year-to-Date returns settled lower at -2.4% and +57.62%, respectively.
The total volume traded advanced by 35.5% to 349.34 million units, valued at NGN17.99 billion, and exchanged in 43,115 deals. ACCESSCORP was the most traded stock by volume at 23.44 million unites, while ARADEL was the most traded stock by value at NGN3.84 billion.
Sectoral performance was negative, as the Industrial Goods (-2.9%), Banking (-1.4%), Insurance (-0.9%), Consumer Goods (-0.2%) and Oil & Gas (-0.1%) indices declined.
As measured by market breadth, market sentiment was negative (0.4x), as 15 tickers gained relative to 40 losers. VITAFOAM (-10.0%) and CUTIX (-9.8%) led the laggards, while MULTIREX (+10.0%) and CMFC (+10.0%) posted the most significant gains of the day.
CURRENCY
The official FX rate depreciated by 1bp to NGN1,333.24/USD.
MONEY MARKET & FIXED INCOME
The overnight lending rate expanded by 1bp to 20.4% in the absence of any significant inflows into the system.
The Treasury bill secondary market traded on a bullish note as the average yield contracted by 2bps to 17.8%. Across the curve, the average yield contracted at the short (-3bps), mid (-3bps), and long (-1bp) segments, driven by demand for the 87DTM (-3bps), 171DTM (-3bps) and 283DTM (-7bps) bills, respectively. Similarly, the average yield contracted by 4bps to 18.6% 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 short (+5bps), mid (+10bps) and long (+17bps) segments, driven by selloffs of the FEB-2031 (+14bps), APR-2032 (+50bps) and JAN-2042 (+67bps) bonds, respectively.
Kindly see below our Mutual Fund prices and returns as of today.
