{"id":77839,"date":"2023-11-29T15:05:49","date_gmt":"2023-11-29T14:05:49","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=77839"},"modified":"2023-11-29T15:11:51","modified_gmt":"2023-11-29T14:11:51","slug":"fmdq-markets-yoy-turnover-increases-by-60-27-to-%e2%82%a68-16trn","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/fmdq-markets-yoy-turnover-increases-by-60-27-to-%e2%82%a68-16trn\/","title":{"rendered":"FMDQ Markets YoY Turnover Increases By 60.27% To \u20a68.16trn"},"content":{"rendered":"

According to the FMDQ Securities Exchange Limited, secondary market turnover on FMDQ Exchange in October 2023 was \u20a621.70trn, representing a month-on-month (MoM) decrease \u00a0of 6.75% (\u20a61.57trn) and year-on-year (YoY) increase of 60.27% (\u20a68.16trn) from the turnover recorded in September\u00a0 2023 and October 2022, respectively.<\/p>\n

Total turnover for Spot and Derivatives Market was \u20a620.48trn and \u20a61.22trn respectively in October 2023.<\/p>\n

Spot FX Market Turnover was $4.66bn (\u20a63.66trn) in October 2023, representing a MoM decrease of 14.96% ($0.82bn) from the turnover recorded in September\u00a02023\u00a0($5.48bn).<\/p>\n

The statement from the FMDQ, showed further that, the US Dollar appreciated against the Naira\u00a0in the FX market, with the exchange rate ($\/\u20a6) increasing by 5.34%\u00a0($\/\u20a640.41) to close at an average of $\/\u20a6797.43\u00a0in October\u00a02023\u00a0from $\/\u20a6757.02\u00a0recorded in September \u00a02023, trading within a range of $\/\u20a6741.85\u00a0 \u2013\u00a0 $\/\u20a6993.82.<\/p>

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Advertisement<\/div>\r\n\t\t\t\t\t\t\t<\/a>\r\n \r\n\t\t\t\t\t\t\t<\/div>\n

Similarly, in the Derivatives Market, total turnover in the FX Market segment was $1.55bn (\u20a61.22trn), representing a MoM decrease of 39.27% ($1.00bn) from September\u00a02023\u00a0figures.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

According to the FMDQ Securities Exchange Limited, secondary market turnover on FMDQ Exchange in October 2023 was \u20a621.70trn, representing a month-on-month (MoM) decrease \u00a0of 6.75% (\u20a61.57trn) and year-on-year (YoY) increase of 60.27% (\u20a68.16trn) from the turnover recorded in September\u00a0 2023 and October 2022, respectively.<\/p>\n","protected":false},"author":6,"featured_media":36307,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23,17],"tags":[1189],"coauthors":[2391],"class_list":["post-77839","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business","category-news","tag-fmdq"],"yoast_head":"\nFMDQ Markets YoY Turnover Increases By 60.27% To \u20a68.16trn - National Wire<\/title>\n<meta name=\"description\" content=\"According to the FMDQ Securities Exchange Limited, secondary market turnover on FMDQ Exchange in October 2023 was \u20a621.70trn,\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/fmdq-markets-yoy-turnover-increases-by-60-27-to-\u20a68-16trn\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FMDQ Markets YoY Turnover Increases By 60.27% To \u20a68.16trn - 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