The total transactions at the nation’s bourse (which includes equities sales or liquidation of portfolio investments and equities purchases) increased to N203.45 billion (about $1.04 billion) in June 2015, up 39.88% or N58billion from May 2015 level of N145.45billion.
Foreign Portfolio Investments (FPI) transactions decreased to N69.65 billion, down by N10.12billion or 12.69% from May 2015 level of N79.77billion; while domestic transactions increased from N65.68billion to N133.8 billion in the same period, representing an upward movement of 103.71%.
Though in the first-half (H1) of 2015, foreign investors accounted 52.87 % of equity deals while domestic investors accounted for 47.13%.
Total transactions in the equities market from January to June 2015 was N1.113trillion, according to June 2015 figures showing domestic and foreign portfolio participation in Nigeria’s equity trading.
The Nigerian Stock Exchange polls trading figures from major custodians and market operators on their foreign portfolio investments (FPI).
Foreign investors conceded about 31.52% of trading to domestic investors as FPI transactions decreased from 54.84% of the total transactions in May to 34.24% in June while domestic transactions increased from 45.16% to 65.76% over the same period.
Foreign portfolio investors’ inflows accounted for 20.97% of total transactions while the outflows accounted for 13.26% of the total transactions in June 2015.
In comparison to the same period in 2014, total FPI transactions decreased by 40.97%, whilst the total domestic transactions increased by 24.45%. FPI inflows outpaced outflows which was consistent with the same period in 2014. Overall, there was a 9.78% decrease in total transactions in comparison to the same period in 2014.
Iheanyi Nwachukwu
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