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Domestic Investors Dominate Capital Market

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CEM REPORT, MARKET | The Nigerian Exchange Limited (NGX) recorded a total domestic and foreign transaction worth of N384.01 billion between January and February 2023.

This is as domestic investors dominated the stock market, controlling 88.41 per cent transactions, while foreign investors stood at 11.59 per cent.

This is according to the NGX in its monthly report titled, “domestic & foreign portfolio participation in equity trading.”

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According to the report total transactions in February decreased by 3.17 per cent from N195.10 billion as  of January 5 2023 to N188.91 billion in February 6 2023.

Although, when compared with the corresponding month of 2022 total transactions increased by 2.91 per cent from N183.56 billion in February 2022.

Also, the total domestic transactions executed between January and February 2023 fell by 0.53 per cent from N170.20 billion in January to N169.29 billion in February 2023.

In February 2023, the total value of transactions executed by Domestic Investors outperformed transactions executed by Foreign Investors by circa 80 per cent.

Meanwhile, foreign investors inflow in stock market dropped to N13.52 billion in the first two months of 2023,

This is against N38.96 billion foreign investors inflow in the stock market in the same period of 2022.

Also, the report states that foreign investors outflow decreased to N31 billion compared to N69.84 between January and February 2022.

However, total foreign transactions decreased more significantly by 21.20 per cent from N24.90 billion to N19.62billion between January 2023 and February 2023.

Over a 16 year period, the report disclosed that domestic transactions decreased by 45.30 per cent from N3.556trillion in 2007 to N1.945trillion in 2022 whilst foreign transactions also decreased by 38.47 per cent  from N616 billion to N379 billion over the same period.

“Total domestic transactions accounted for about 84 per cent of the total transactions carried out in 2022, whilst foreign transactions accounted for about 16 per cent of the total transactions in the same period.

“The transaction data for 2023 shows that total domestic transactions are circa N339.49billion, whilst total foreign transactions are circa N44.52billion,” the report added.

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