Daily Market Summary, Wednesday, 28 May, 2025 EQUITIES SUMMARY The Nigerian equities market extended its rally, as the ASI rose 0.27% to 111,902.61 points and market cap increased by ₦187bn to ₦70.56tn. Market breadth was positive with 39 gainers and 28 losers, led by Learn Africa and NNFM. All major sectors closed in the green, while trading activity surged, with turnover up 73.41%. A total of 512.17 million shares worth ₦17.12bn were exchanged in 16,711 deals. NIBOR NIBOR rose across all tenors amid tight liquidity, while OPR was stable at 26.50% and OVN dipped 3bps to 26.86%. NITTY The NITTY curve rose across most tenors except the 12M, which fell 5bps, while T-bill yields dipped 3bps to 20.68% in a bullish secondary market. FGN BOND The FGN bond market was mildly positive, with stable yields and a slight 3bps drop in the average to 18.96%. EUROBOND The Nigerian sovereign Eurobond market gained bullish momentum, pushing yields down 4 basis points to 9.66%, led by strong demand for the Nov-25 bond. FX MARKET At NAFEM, the naira depreciated 0.44% to ₦1,590.75/USD, while the parallel market closed at ₦1,610/USD.