November 12, 2026/Cordros Report
EQUITIES
Bullish sentiment resurfaced in the Nigerian equities market today, as gains in SEPLAT (+3.1%), FIRSTHOLDCO (+2.1%), STANBIC (+2.6%) and FIDSON (+9.9%) caused the All-Share Index to close higher by 0.2% to 252,366.80 points. Consequently, the Month-to-Date and Year-to-Date returns settled at -0.8% and +62.2%, respectively.
The total volume traded advanced by 605.6% to 2.91 billion units, valued at NGN78.66 billion, and exchanged in 28,318 deals. LIVESTOCK was the most traded stock by volume at 2.20 billion units, while FIRSTHOLDCO was the most traded stock by value at NGN32.40 billion.
Sectoral performance was mixed, as the Oil & Gas (+1.9%), Insurance (+0.7%) and Banking (+0.5%) indices advanced, while the Consumer Goods (-0.7%) index declined. Meanwhile, the Industrial Goods Index closed flat.
As measured by market breadth, market sentiment was positive (1.3x), as 26 tickers gained relative to 20 losers. FIDSON (+9.9%) and SUNUASSUR (+9.9%) led the gainers, while INTBREW (-7.2%) and TANTALIZER (-6.7%) posted the most significant losses of the day.
CURRENCY
The official FX rate appreciated by 0.1% to NGN1,355.80/USD.
MONEY MARKET & FIXED INCOME
The overnight lending rate contracted by 1bp to 20.3% in the absence of any significant inflows into the system.
The Treasury bill secondary market traded on a quiet note, 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 (-1bps) segments, driven by demand for the 91DTM (-1bp), 175DTM (-1bp) and 357DTM (-1bp) bills, respectively. Conversely, the average yield expanded by 4bps to 18.5% in the OMO segment.
Elsewhere, the FGN bond secondary market traded on a quiet note as the average yield remained unchanged at 16.0%
Kindly see below our Mutual Fund prices and returns as of today.
