Stock investors half year deal hits N4.19trn

…foreigners accounts for N1.13trn

Total equities transactions on the Nigerian Bourse reached a new high of N4.19trillion in the first-half (H1) to June 30. This figure is almost double the N2.60trillion equities transactions recorded in the same half-year period of 2024.

Breakdown of the transactions showed that in January 2025, total equities transactions were N607.05billion. In February, the total value of stocks traded on the NGX was N509.47billion; while in March, the market saw equities deals hit a record high of N1.115trillion. In April 2025, total equities traded on the NGX stood lower at N482.04 billion. In May, it was N700.50 billion, while total equities transactions in June stood at N778.65billion.

In the review H1’2025 period, foreign portfolio investors (FPIs) transactions were N1.135trillion (N540.48 billion in H1’2024), representing 27.08 percent of the total transactions on the NGX in six months while domestic transactions were N3.057trillion (N2.063billion in H1’2024), representing 72.92 percent of the total value of stocks traded same period.

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Foreign inflow into Nigeria’s equities was N559.25billion in H1’25 while foreign outflow in the same period was N576.09billion, according to a summary of equities transactions on the NGX as at June 30, 2025. In H1’2024, foreign inflow into Nigeria’s equities was N229.07billion while foreign outflow was N311.41billion in H1’2024.

In the H1 of 2025, domestic retail investors traded N1.472trillion stocks on the NGX while domestic institutional investors traded equities worth N1.585trillion in H1’25.

This represents a huge leap when compared with N999.21billion stocks traded in H1’2024 by domestic retail investors and N1.064trillion by domestic institutional investors in H1’24. On a monthly basis, the Nigerian Exchange Limited polls trading figures from market operators on their Domestic and Foreign Portfolio Investment (FPI) flows.

The latest report for the period ended June 30, 2025, shows that month-on-month (MoM) total transactions at the nation’s bourse increased by 11.15 percent from N700.50 billion (about $441.64 million) in May 2025 to N778.65 billion (about $509.02 million) in June 2025.

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The performance of the review month of June, when compared to the performance in June 2024 (N354.55 billion), revealed that total transactions increased significantly by 119.62 percent. In June 2025, the total value of transactions executed by domestic investors outperformed transactions executed by foreign investors by about 64 percent.

The NGX report also shows total transactions executed between June and prior month (May 2025), which revealed that total domestic transactions increased by 9.93 percent from N581.59 billion in May 2025 to N639.34 billion in June 2025. Also, total foreign transactions increased by 17.16 percent from N118.91 billion (about $74.97 million) to N139.31 billion (about $91.07 million) between May 2025 and June 2025.

Also, month-on-month, institutional investors outperformed retail investors by 14 percent. A comparison of domestic transactions in the review and prior month (May 2025) showed that retail transactions decreased by 18.62 percent from N337.46billion in May 2025 to N274.63 billion in June 2025. However, the domestic institutional composition of the market increased by 49.39 percent from N244.13 billion in May 2025 to N364.71 billion in June 2025.