The fixed income (Bonds) market capitalization at the Nigerian Exchange (NGX) slipped by 0.11% to N51.45 trillion, triggered by profit-taking by investors following earlier weeks of rally from sustained buying pressure.
Conversely, the Exchange Traded Products (ETPs) segment saw a modest improvement in volume and value traded at the close of trading on Friday, October 17. Apart from trading in equities, the NGX also provides a platform for trades in bonds, Mutual Funds, Futures and Derivatives.
Although the equities segment with over N94 trillion in market capitalization overshadows other trading segments, investors seeking to diversify investments are now exploring opportunities offered by other instruments, especially bonds and ETPs, as the market stabilizes.