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Article: Nigeria : OTC records N206 billion transactions in bullish trading.
- Article from:
- TendersInfo
- Article date:
- August 31, 2009
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Byline: babalu03
FOLLOWING a renewed confidence in the equities sector as well as increased demand for FGN bonds, investors last week at the Over-the-Counter bond market, staked a total of N205.9 billion on 190.7 million units of bonds in bullish trading.
Precisely, the volume of traded bonds rose by 31.8 per cent from a total of 144.72 million units valued at N164.9 billion exchanged in the preceding week.
Although, there were no transactions in the Federal Government development stocks, State Government bonds and industrial loans/preference stocks sectors, the 6th FGN Bond 2029 Series 3 was the most active bond of the 23 traded bonds with a ...