OMO Bills Attract N3.56tn as Fixed-income Turnover Hits N7.37tn.
Figures from the fixed-income dashboard showed that OMO bills recorded 766 trades between November 1 and November 6, making them the most actively traded instruments during the period.
Their N3.56 trillion turnover represented 48.3 per cent of the N7.37 trillion traded across the market.
The figures point to the continued weight of OMO bills in fixed-income trading, with their turnover significantly ahead of activity in Federal Government of Nigeria (FGN) bonds and Treasury bills.
FGN bonds followed with transactions valued at N2.29 trillion from 702 trades, accounting for 31.1 per cent of total turnover. Treasury bills recorded N1.50 trillion across 421 trades, while Sukuk attracted N13.85 billion from just eight transactions. Analysis of trading numbers for last week showed that in all, the four security categories recorded 1,897 trades during the six-day period. The distribution of activity was equally telling.
MSEApp News is publishing an original rewrite of this tip for readers, based on reporting associated with THISDAY.
Readers should treat early accounts as developing. Official statements may add detail. MSEApp News will update coverage if material facts change.