November 10, 2026/Cordros Report
EQUITIES
The domestic bourse closed today’s session on a bearish note, as losses in FIRSTHOLDCO (-1.8%), ZENITHBANK (-0.9%), STANBIC (-1.5%), and NAHCO (-10.0%) caused the All-Share Index to close lower by 0.1% to 252,313.16 points. Consequently, the Month-to-Date and Year-to-Date returns settled at -0.8% and +62.1%, respectively.
The total volume traded advanced by 20.3% to 545.30 million units, valued at NGN30.39 billion, and exchanged in 31,543 deals. NEIMETH was the most traded stock by volume at 79.86 million units, while FIRSTHOLDCO was the most traded stock by value at NGN6.31 billion.
Sectoral performance was mixed, as the Banking (-0.7%) index declined, while the Insurance (+1.3%), Consumer Goods (+0.2%) and Oil & Gas (+0.1%) indices advanced. The Industrial Goods index closed flat.
As measured by market breadth, market sentiment was positive (1.5x), as 32 tickers gained relative to 21 losers. NAHCO (-10.0%) and REDSTAREX (-9.9%) led the laggards, while CHAMPION (+10.0%) and HONYFLOUR (+9.9%) posted the most significant gains of the day.
CURRENCY
The official FX rate depreciated by 0.1% to NGN1,351.37/USD.
MONEY MARKET & FIXED INCOME
The overnight lending rate expanded by 7bps to 20.3%, following OMO PMA debits (NGN2.30 trillion).
Activities in the Treasury bill secondary market were calm albeit with a bullish undertone, as the average yield contracted by 1bp to 17.8%. 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 219DTM (-10bps) bills, respectively. Similarly, the average yield contracted by 3bps to 18.6% in the OMO segment.
Elsewhere, the FGN bond secondary market traded on a bullish note as the average yield contracted by 1bp to 16.1%. Across the curve, the average yield contracted at the long (-2bps) end, due to demand for the APR-2037 (-16bps) bond. The average yield closed flat at the short and mid segments.
Kindly see below our Mutual Fund prices and returns as of today.
