THE bearish market in the Nigerian Stock Exchange, NSE, in 2018 may have resulted in unprecedented rise in activities at
the nation’s fixed income market during the year.
Financial Vanguard’s investigations show that as at December 31, 2018, turnover at the OTC fixed income and currency market rose by a significant 26.9 percent to N165.15 trillion against N130.17 trillion recorded in the corresponding period in 2017.
This came as activities in the equities market fell by -17.8 percent as the major indicator – the All Share Index, ASI, declined to 31.430.50 points at the close of last year’s trading from 38,243.19 points a year ago.
The floor of Stock exchange
Investment analysts are of the opinion that due to the heightened political atmosphere, most of the portfolio investors, who exited the equities market, pitched their tent in the fixed income market, leading to the gains recorded within the period. They explained that a guaranteed Return-on-Investment, RoI, in the fixed income market aided the increase in the level of activity in the market.
