The most important fact on Tuesday, March 31, 2026 is not a breakout rally but the complete absence of one: MOFI Real Estate Investment Fund closed at 100.0 NGN for five straight sessions, delivering 0.0% over that period. In a Nigerian market where the benchmark index fell 2.55% on the day, that kind of price stability stands out, especially when paired with a stated yield of 9.72%. That matters because the broader tape was weak. The NGX ASI ended at 1406.42, down 2.55%, while market breadth showed 27 gainers, 34 losers, and 87 unchanged stocks out of 148 listed names. In other words, nearly 58.8% of the market was flat on the day, but MOFIREIF’s case is different: its flat line extends across five sessions, not just one quiet trading day.
Key figures
- MOFIREIF: 100.0 NGN in each of the last 5 sessions
- MOFIREIF dividend yield: 9.72%
- NGX ASI: 1406.42, down 2.55%
- UPDC Real Estate Investment Trust: 7.2 NGN, up 1.4% in 5 days