October 26, 2026/Cordros Report
EQUITIES
The domestic bourse opened the week on a positive note as gains in DANGCEM (+10.0%), FIRSTHOLDCO (+7.6%), ARADEL (+2.5%), GTCO (+2.5%) caused the All-share index to closer higher by 1.7% to 251,290.55 points. Consequently, the Month-to-Date return settled at 0.0%, while the Year-to-Date return settled at 61.5%.
The total volume traded declined by 6.9% to 329.53 million units, valued at NGN25.45 billion, and exchanged in 43,700 deals. ZENITHBANK was the most traded stock by volume at 25.92 million units, while DANGCEM was the most traded stock by value at NGN6.39 billion, respectively.
Sectoral performance was positive, as the Industrial Goods (+5.4%), Banking (+2.3%), Oil & Gas (+0.9%) and Insurance (+0.7%) indices advanced, while the Consumer Goods index (-0.1%) declined.
As measured by market breadth, market sentiment was negative (0.8x), as 24 tickers gained relative to 30 losers. DANGCEM (+10.0%) and HONYFLOUR (+9.8%) led the gainers, while ABCTRANS (-9.6%) and CAVERTON (-9.4%) posted the most significant losses of the day.
FX
The official FX rate appreciated by 1.2% to NGN1,368.09/USD.
MONEY MARKET & FIXED INCOME
The overnight lending rate expanded by 45bps to 20.8% in the absence of any significant funding pressure on the system.
The Treasury bill secondary market traded on a quiet note, as the average yield remained unchanged at 17.9%. Elsewhere, the average yield contracted by 10bps to 18.6% in the OMO segment.
The FGN bond secondary market traded on a quiet note albeit with a bearish undertone as the average yield expanded by 1bp to 16.2%. Across the curve, the average yield expanded at the long (+1bp) end driven by sell pressure on the JUN-2053 (+5bps) bond, but remained unchanged and the short and mid segments.
Kindly see below our Mutual Fund prices and returns as of today.
