Out of the N178.25billion worth of transactions done in Nigeria’s equities market by foreign investors in four months to April 30, the period saw N78.31billion foreign inflow while outflow was N99.94billion.
The record four-month levels of foreign inflow and outflow in Nigeria’s stock market represent a remarkable decline from N86.25billion and N218.80billion respectively compared with same period in 2020.
In the review period four months period to April, foreign investors accounted for 21.31percent of equities trading while domestic investors accounted for 78.69percent or N658.21billion.
Summary of equities transactions at the Nigerian Exchange Limited (NGX) shows that foreign inflow into the stock market of Africa’s largest economy was N16.73billion in January while in February it was N23.02billion.
Also, the month of March recorded N20.36billion as foreign inflow into listed stocks compared with N18.20billion in April.
In the review four months period, there was foreign outflow of N30.79billion in January while in February the foreign outflow from Nigerian stock market was N39.05billion. In Market, it was N20.28billion while in April, the foreign outflow was N9.82billion.
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Data on domestic and foreign portfolio participation in equity trading as at April 30, 2021, showed that total transactions at the nation’s bourse decreased by 30.01percent from N228.49billion (about $560.55million) in March 2021 to N159.93billion (about $389.84million) in April 2021.
The performance of April 2021 when compared to the performance in April 2020 (N128.67billion) revealed that total transactions increased by 24.29percent.
In April 2021, the total value of transactions executed by domestic investors outperformed transactions executed by foreign investors by circa 64percent. Institutional investors outperformed retail investors by 44percent.
A comparison of domestic transactions in April and the prior month (March 2021) revealed that retail transactions decreased by 66.37percent from N108.55billion in March 2021 to N36.50billion in April 2021.
However, the institutional composition of the domestic market increased by 20.32percent from N79.30billion in March 2021 to N95.41billion in April 2021.
