|
|
Article: Nigeria: Bond market records N546.8b transactions.
- Article from:
- TendersInfo
- Article date:
- September 15, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: shiv03
INVESTORS' increased appetite for FGN bonds continued last week as they raised their stakes at the Over-The-Counter bond market, despite the prolonged and unrestricted bearish run, which was strengthened by heavy share price losses by many blue chip stocks, thus making corporate performance indicators plunge further by 0.61 per cent.
At the close of transactions on Friday, a turnover of 490.82 million units worth N546.8 billion was recorded, in contrast to a total of 406.4 million units valued at N444.8 billion, which changed hands in the preceding week.
Although, there were no transactions in the Federal Government Development ...