The Debt Management Office sold treasury bills valued at N617.9 billion across its auctions in June 2024.The Debt Management Office sold treasury bills valued at N617.9 billion across its auctions in June 2024.
According to the exchange, the ratio of sovereign securities sold by the DMO relative to the amount offered across its auctions in June 2024 was 125.1 per cent and 66.00 per cent for T.bills and FGN Bonds, respectively. FMDQ disclosed that WoW decrease in total turnover was jointly driven by the 1.15 per cent decrease in FX Spot turnover, which recorded a total value of $1.09 billion, compared to $1.1 billion recorded in the week ending on July 12, 2024, and 16.8 per cent decrease in FX Derivatives turnover.
Meanwhile, a turnover of 2.8 billion shares worth N42.4 billion was recorded in 44,277 deals traded by investors on the floor of the exchange last week, in contrast to a total of 2.7 billion valued at N85.2 billion that changed hands in 40,796 deals on July 12, 2024. Trading in the top three equities namely Jaiz Bank Plc, Cutix Plc and FCMB Group Plc accounted for 1.140 billion shares worth N4.632 billion in 2,701 deals, contributing 40.3 per cent to the total equity turnover volume.
The NGX all-share index and market capitalisation appreciated by 0.9 per cent to close the week at 100,539.40 and N56.929 trillion respectively.