Domestic investors outperformed foreign investors by 28.48 percent as total foreign portfolio investor (FPI) transactions decreased from 36.48percent to 35.76percent over the same period.
Details of domestic and foreign portfolio participation in equity trading – March 2016 show that foreigners accounted for 35.76percent while domestic investors accounted for 64.24percent. Monthly foreign outflows outpaced inflows which was consistent with the same period in 2015. Foreign outflows decreased by 40.20percent from N31.84 billion in February 2016 to N19.04 billion while foreign inflows increased by 40.77percent from N10.94 billion in February 2016 to N15.40 billion in March 2016.
On a monthly basis, the Nigerian Stock Exchange polls trading figures from major custodians and market operators on their foreign portfolio investment (FPI) flows. The FPI outflow includes sales transactions or liquidation of portfolio investments through the stock market, whilst the FPI inflow includes purchase transactions on the Nigerian Stock Exchange (equities only).
Total transactions at the nation’s bourse decreased by 17.87 percent in March 2016 from N117.27 billion recorded in February 2016 to N96.31 (about $0.49 billion) in March 2016.
In comparison to the same period in 2015, total transactions decreased by 47.66% from the N184.02 recorded in March 2015. The total domestic transaction decreased by 16.94% from February to March 2016. The institutional composition of the domestic market increased by 0.71% from N38.25b in February to N38.52b in March whilst the retail composition decreased by 35.57% from N36.24b in February to N23.35b in March 2016.
This indicates that institutional investors slightly outperformed their retail counterparts in the period under review.
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