October 29, 2026/Cordros Report
EQUITIES
The domestic bourse closed today’s session on a positive note, as gains in DANGCEM (+5.8%), ETI (+2.9%), ACCESSCORP (+1.9%), and FCMB (+3.7%) caused the All-Share index to close higher by 0.5% to 254,083.02 points. Consequently, the Month-to-Date and Year-to-Date returns settled higher at +1.1% and +63.3%, respectively.
The total volume traded advanced by 61.9% to 654.28 million units, valued at NGN57.36 billion, and exchanged in 35,821 deals. FIRSTHOLDCO was the most traded stock by volume and value at 343.80 million units and NGN34.78 billion, respectively.
Sectoral performance was mixed, as the Industrial Goods (+3.4%), Insurance (+0.8%) and Oil & Gas (+0.1%) indices advanced, while the Banking (-2.1%) and Consumer Goods (-0.1%) indices declined.
As measured by market breadth, market sentiment was neutral (1.0x), as 27 tickers gained relative to 26 losers. ETRANZACT (+10.0%) and SOVRENINS (+9.6%) led the gainers, while FIRSTHOLDCO (-10.0%) and LIVESTOCK (-9.7%) posted the most significant loss of the day.
CURRENCY
The official FX rate appreciated by 0.1% to NGN1,346.15/USD.
MONEY MARKET & FIXED INCOME
The overnight lending rate contracted by 43bps 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 bullish undertone, 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 84DTM (-1bp), 175DTM (-1bp) and 301DTM (-2bps) bills. Similarly, the average yield contracted by 3bps to 18.7% in the OMO segment.
Elsewhere, the FGN bond secondary market traded on a bearish note as the average yield expanded by 9bps to 16.3%. Across the curve, the average yield expanded at the short (+8bps) and long (-14bp) ends, due to sell pressures on the FEB-2031 (+24bps), and JAN-2049 (+81bps) bonds, respectively. The average yield closed flat at the mid segment.
Kindly see below our Mutual Fund prices and returns as of today.
