Investors trade stocks worth N898bn in 4 months

Summary of equities transactions in four months to April 30 shows that investors in Nigeria’s stock market traded stocks worth N898.08billion, as against stocks worth N836.46billion traded same period in 2021.

In the review period, domestic investors were responsible for N742.09billion (N658.21billion same period in 2021) worth of equities transaction, representing 82.63percent of the total value of trade.

Retail domestic investors accounted for N333.84billion while institutional domestic investors traded equities worth N408.25billion. In the same four-month period, foreign investors traded stocks worth N155.99billion or 17.37percent. Foreign inflow was N70.35billion (it was N78.31billion same period in 2021) as against foreign outflow of N85.64billion (N 99.94billion same period in 2021).

Month-on-month, total transactions at the nation’s bourse increased by 11.13percent from N185.26billion (about $445.25million) in March 2022 to N205.88billion (about $494.26million) in April 2022.

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The performance as at April 30 when compared to the performance in April 2021 (N159.93billion) revealed that total transactions increased by 28.73percent. In April 2022, the total value of transactions executed by Domestic Investors outperformed transactions executed by Foreign Investors by circa 74percent.

Furthermore, analysis of the total transactions executed between April and March 2022 revealed that total domestic transactions increased month-on-month by 24.96percent, from N143.09billion in March to N178.80billion in April 2022. In contrast, total foreign transactions decreased by 35.78percent from N42.17billion (about $101.36million) to N27.08billion (about $65.01million) between March 2022 and April 2022.

The institutional investors outperformed retail investors month-on-month by 24percent. A comparison of domestic transactions in the current and prior month (March 2022) revealed that retail transactions increased by 12.56percent from N60.61billion in March 2022 to N68.22billion in April 2022. The institutional composition of the domestic market increased by 34.07percent from N82.48billion in March 2022 to N110.58billion in April 2022.