Trading in previously issued government securities on the West African Monetary Union’s secondary market reached CFA124.66 billion between 19 and 23 October 2026, according to a report released on Tuesday, 27 October by UMOA-Titres. The week recorded 66 transactions involving 26 instruments and 31 market participants.
The value of securities traded fell by 1% from the previous week, while the number of transactions declined by 24%. The official report recorded 16% fewer instruments traded, even as the number of market participants rose by 11%. Trading value was therefore broadly stable despite a substantially smaller number of deals.
Trading picks up towards the end of the week
Daily turnover reached CFA33.14 billion on Thursday, 22 October, and CFA37.69 billion on Friday, 23 October, compared with CFA14.35 billion on Wednesday. The last two sessions accounted for more than half of the week’s total, according to the daily figures in the report.
For October through the 23rd, cumulative secondary-market turnover stood at CFA501.26 billion across 262 transactions. The total for 2026 through that date reached CFA6,448.95 billion over 3,010 transactions. UMOA-Titres reported a 57% annual increase in the value traded in its summary table.
Resales rather than fresh borrowing
The figures cover government securities exchanged between investors after issuance. The traded amounts therefore do not represent new funds raised directly by governments, as happens when Treasury bills or bonds are sold at auction. Under UMOA-Titres’ methodology, a transaction counts as secondary-market trading only when it takes place more than five days after the securities’ settlement date.
The instruments traded during the five sessions included government bonds and bills from Burkina Faso, Ivory Coast, Guinea-Bissau, Mali, Senegal and Togo. The figures provide a measure of resale activity and liquidity in the region’s public-debt market.