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Domestic and Foreign Transaction Increase at NGX

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CEM REPORT, MARKET | Domestic and Foreign transactions at the Nigerian Exchange Limited (NGX) in 2022 experienced an upshot of up to 80% in 2022.

According to the NGX’s Domestic and Foreign Portfolio Investment Report, the total domestic transactions in 2022 accounted for about 84% of the total transactions carried in 2022 amounting to N1.945 trillion.

While foreign transactions stood at N379.23 billion accounting for 16% of the total transactions in the same period.

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The report detailed that the NGX recorded increased transactions of 34.80% amounting to N140.70 billion in December of 2022 when compared with N104.38 billion recorded in November 2022

Total transactions between November and December 2022, the report revealed that total domestic transactions increased significantly by 39.51% from N89.95 billion in November to N125.49 billion in December 2022.

Similarly, total foreign transactions increased by 5.41% from N14.43 billion to N15.21 billion.

Meanwhile, the performance of December 2022 when compared to the performance in December 2021 (N158.26 billion) revealed that total transactions decreased by 11.10%. In December 2022, the total value of transactions executed by Domestic Investors outperformed transactions executed by Foreign Investors by 78%

Further analysis showed that institutional investors outperformed retail Investors by 44% in the last two months of 2022. Domestic transactions increased by 32.53% from N26.62 billion in November to N35.28 billion in December 2022.

Similarly, the institutional composition of the domestic market increased by 42.44% from N63.33 billion in November 2022 to N90.21 billion in December 2022.

However, the domestic and foreign transactions at the Exchange experienced a decline of up to 40% when compared with the figure from 2007.

Domestic transactions declined by 45.30% from N3.556 trillion in 2007 to N1.945 trillion as of the close of 2022.

Foreign transactions on the other hand decreased by 38.47% from N616 billion to N379 billion over the same period.

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