November 9, 2026/Cordros Report
EQUITIES
The domestic bourse opened the week on a bullish note, as gains in DANGCEM (+9.6%), FIDELITYBK (+6.9%) and TRANSPOWER (+5.7%) caused the All-Share Index to advance by 1.4% to 252,456.88 points. Consequently, the Month-to-Date and Year-to-Date returns settled at -0.7% and +62.2%.
The total volume traded declined by 20.0% to 453.31 million units, valued at NGN30.55 billion, and exchanged in 42,891 deals. CHAMS was the most traded stock by volume at 72.61 million units, while SEPLAT was the most traded stock by value at NGN5.20 billion.
Sectoral performance was positive as the Industrial Goods (+5.7%), Insurance (+1.3%), Banking (+0.3%), and Oil & Gas (+0.2%) indices advanced, while the Consumer Goods index closed flat.
As measured by market breadth, market sentiment was negative (0.7x), as 20 tickers gained relative to 28 losers. MANSARD (+9.8%) and SOVRENINS (+9.7%) led the gainers, while THOMASWY (-9.6%) and UPL (-8.7%) posted the most significant losses of the day.
CURRENCY
The official FX rate depreciated by 0.2% to NGN1,349.70/USD.
MONEY MARKET & FIXED INCOME
The overnight lending rate expanded by 2bps to 20.2% 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 4bps to 17.9%. Across the curve, the average yield contracted at the short (-3bps), mid (-3bps) and long (-6bps) segments, driven by demand for the 80DTM (-4bps), 164DTM (-4bps), and 262DTM (-37bps) bills, respectively. Conversely, the average yield expanded by 4bps to 18.6% in the OMO segment.
Elsewhere, the FGN bond secondary market traded on a bullish note as the average yield contracted by 8bps to 16.1%. Across the benchmark curve, the average yield contracted at the short (-20bps) and mid (-2bps) segments, driven by buying interest in the MAR-2027 (-85bps) and MAY-2033 (-25bps) bonds, respectively. The average yield remained unchanged at the long end.
Kindly see below our Mutual Fund prices and returns as of today.
