October 27, 2026/Cordros Report
EQUITIES
The domestic bourse closed today’s session on a positive note as gains in DANGCEM (+9.8%), STANBIC (+3.1%), ACCESSCORP (+3.3%) and WEMABANK (+4.0%), drove the All-Share Index higher by 1.1% to 253,990.06 points. Consequently, the Month-to-Date and Year-to-Date returns settled higher at +1.1% and +63.2%, respectively.
The total volume traded advanced by 1488.1% to 5.23 billion units, valued at NGN441.44 billion, and exchanged in 35,882 deals. FIRSTHOLDCO was the most traded stock by volume and value at 4.88 billion units and NGN416.29 billion, respectively.
Sectoral performance was mixed as the Industrial Goods (+5.5%) and Consumer Goods (+0.1%) indices advanced, while the Insurance (-2.4%) index closed lower. The Oil & Gas and Banking indices closed flat.
As measured by market breadth, market sentiment was negative (0.5x), as 19 tickers gained relative to 36 losers. UPDCREIT (+10.0%) and DANGCEM (+9.8%) led the gainers, while PRESCO (-10.0%) and TRIPPLEG (-9.9%) posted the most significant losses of the day.
CURRENCY
The official FX rate appreciated by 1.2% to NGN1,352.57/USD.
MONEY MARKET & FIXED INCOME
The overnight lending rate contracted by 45bps to 20.4% following inflows from OMO (NGN2.13 trillion) maturities.
The Treasury bill secondary market traded on a bullish note as the average yield contracted by 1bp to 17.9%. Across the curve, the average yield contracted at the short (-1bp), mid (-1bp) and long (-1bp) segments, driven by demand for the 86DTM (-1bp), 177DTM (-1bp) and 352DTM (-1bp) bills, respectively. Conversely, the average yield expanded by 12bps to 18.7% in the OMO segment.
Elsewhere, the FGN bond secondary market traded on a bearish note as the average yield expanded by 3bps to 16.2%. Across the benchmark curve, the average yield expanded at the short (+12bps) end due to selloffs of the MAR-2027 (+82bps) bond, while the average yield contracted at the long (-2bps) end due to demand for the JUN-2038 (-7bps) bond. The mid segment closed flat.
Kindly see below our Mutual Fund prices and returns as of today.
