Cowry Asset Mgt Channel
May 26, 2025 at 04:11 PM
*Daily Market Summary, Monday, 26 May, 2025*
EQUITIES MARKET
The Nigerian equities market started the week on a positive note, with the ASI up 0.86% to 109,968.48 points and market cap rising by ₦593 billion.
Market breadth was slightly positive with 33 gainers and 31 losers; top gainers included Aradel and UPL. Sector performance was mixed—Banking and Industrial Goods gained, while Insurance and Consumer Goods declined. Despite a drop in volume and value traded, total deals rose, with 405.01 million shares worth ₦10.89 billion exchanged in 19,519 deals.
NIBOR
NIBOR declined across most tenors, while OPR rose to 26.50% and OVN fell to 26.78%.
NITTY
The NITTY curve rose across most tenors, while average Treasury Bill yield dipped 6bps to 20.74% in a bullish market.
FGN BOND
The FGN bond market was largely flat, with stable yields across maturities and the average sovereign bond yield steady at 18.99%.
EUROBOND
FGN bond market remained flat, with average yield steady at 18.99% across maturities.
FX MARKET
At NAFEM, the naira rose 0.07% to ₦1,579.41/USD, while it closed at ₦1,610/USD in the parallel market.