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Article: Nigeria: OTC records N443.9b, investors stake N10.33b on banks shares.
- Article from:
- TendersInfo
- Article date:
- November 10, 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)
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Byline: babalu03
THE Over-The-Counter (OTC) bond market, last week, recorded a turnover of 352.2 million units worth N443.9billion in 4,710 deals. The development is in contrast to a total of 408.8 million units valued at N502.1billion exchanged in 4,667 deals during the week ended Thursday, October 29, 2009.
The most active bond (measured by turnover volume) was the 5th Federal Government of Nigeria (FGN) Bond 2028 Series 5 with a traded volume of 64.94 million units valued at N111.9billion in 1,214 deals. This was followed by the 4th FGN Bond 2012 Series 2 with a traded volume of 48.8 million units valued at N54.6billion in 918 deals.
Twenty ...