Government, corporates raise N4.58 trillion from fixed income market

Data obtained from NGX’s X-Compliance Report on new listings in the fixed income market in 2021, revealed that the total number of issues within the period under review stood at 41 with 6.812 trillion units admitted to date.

Some of the issuers that have listed on NGX in the period under review include; NOVAMBL Investments SPV Plc, Federal Government of Nigeria, Mecure Industries Funding SPV Plc, CardinalStone Financing SPV Plc, Fidelity Bank Plc, FBNQuest Merchant Bank SPV Funding Plc, BUA Cement Plc, Etranzact International Plc, Kogi State Government, TSL SPV Plc, Lagos State Government and Flour Mills of Nigeria Plc.

The downturn was driven by price depreciation in large and medium capitalised stocks amongst which are; Zenith Bank, Access Bank. E-Tranzact International, University Press and Ecobank Transnational Incorporated .Analysts at Afrinvest Limited said: “In the next trading session, we expect the domestic bourse to extend bearish performance in the absence of any positive catalyst.”

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Investors’ divestments cost stock market N1.8tr in six months | The Guardian Nigeria News - Nigeria and World NewsThe continuous exit of funds from the equities market to another investment instrument, especially the fixed income segment has become a source of worry to capital market stakeholders, as they urged the Federal Government to tackle .....
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