Domestic Investors Take Shine Off Foreigners On Nigerian Bourse

By Nse Anthony-Uko
(Sundiata Finance) – Domestic investors outperformed foreign investors in May, accounting for 53.70 per cent of equities transactions while foreign investors accounted for 46.30percent. The institutional composition of the domestic market increased significantly by 272.33percent from N18.25billion recorded in April to N67.95billion in May 2017. The retail composition also increased by 199.08percent from N14.20billion to N42.47billion within the same period. This indicates a higher participation by institutional investors over their retail counterparts in the period under review. Total domestic transactions increased by 240.27percent from N32.45 billion recorded in April 2017 to N110.42 billion in May 2017. Foreign transactions also increased by 324.01percent, from N22.45 billion to N95.19 billion within the same period. Year-to-date (Ytd) while domestic investors ac
counted for 54.03percent of equities transactions, foreign investors accounted for 45.97percent. On a monthly basis, The Nigerian Stock Exchange polls trading figures from major custodians and market operators on their Foreign Portfolio Investment (FPI) flows. Total transactions at the nation’s bourse increased significantly by 274.51% from N54.90 billion recorded in April 2017 to N205.61 billion (about $670million) in May 2017. Monthly foreign inflows outpaced outflows
as foreign inflows increased by 403.09percent from N14.54 billion in April to N73.15 billion in May 2017. Foreign outflows also increased by 178.63percent from N7.91 billion in April to N22.04 billion in May 2017. In comparison to the same period in 2016, total FPI transactions from January to May 2017 increased by 74.03percent from N189.45 billion to N328.70, whilst the total domestic transactions increased by 38.40percent from N279.11 billion to N386.29billion

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