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NGX Total Transactions Increase by 30.77%, Domestic Investors on the Lead

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CEM REPORT, MARKET | Domestic investors have outperformed foreign investors by 92 per cent in the number of transactions executed on the floor of the Nigerian Exchange Limited (NGX). This is as total transactions at the nation’s bourse increased by 30.77 per cent.

This is according to the recently released data on domestic and foreign portfolio participation in Nigeria’s equity trading for the month of April.

The report details that domestic inflows stood at ₦91.91 billion while foreign inflows stood at ₦3.67 billion.

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Similarly, domestic outflows recorded stood at ₦90.83 billion while foreign outflows stood at ₦4.80 billion.

This comes amidst foreign exchange shortages, inflation, and other factors that have been negatively affecting the capital market.

The figures bring total domestic transactions performed by investors on the floor of the NGX to ₦659.26 between January and April 2023.

More so, total transactions at the end of April, increased by 30.77 per cent from ₦146.22 billion recorded in March 2023 to ₦191.21 billion recorded in April 2023.

[READ ALSO] Total Allotments for FGN Savings Bonds Rise to N5.06bn in 5 months – NGX

Additionally, the report adds that the amount of domestic retail transactions climbed by 40.43 percent from ₦52.83 billion in March 2023 to N74.19 billion in April 2023, when comparing the current month’s transactions with the previous month’s.

Similarly, from ₦84.20 billion in March 2023 to ₦108.55 billion in April 2023, the institutional composition of the domestic market expanded considerably by 28.92%.

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