The Nigerian Stock Exchange, NSE, last week listed 110 million units of the Federal Government, FGN, bonds even as a total of 9,439 units of the sovereign bonds valued at N10.429 million were traded in seven deals.
A breakdown of the listed instrument shows 20 million units of the 15.54 per cent bonds due in February 2020, 40 million units of the 12.50 per cent bonds due in January 2026 and 50 million units of the 12.40 per cent due in March 2036.
There was a surge in the buy side of the FGN bonds during the week as a total of 9,439 units valuing N10.429 million were traded in seven deals, up from the previous week’s 4,170 units valued at N4.413 million transacted in just three deals.
On the equity side, a turnover of 2.387 billion shares worth N26.381 billion were recorded in 28,072 deals. This was in contrast to the 2.158 billion shares valued at N20.394 billion done penultimate week in 24,369 deals.
Nigerian Stock Exchange Lists 110million FGN Bonds: The Nigerian Stock Exchange, NSE, last week listed 11… https://t.co/9jgqxatg9K
Nigerian Stock Exchange Lists 110million FGN Bonds: The Nigerian Stock Exchange, NSE, last week listed 11… https://t.co/IziNmMMxQa