Nigeria’s domestic investors traded stocks worth N184.94billion in the month of January, which represents 79.56 percent of N232.46billion worth of equities traded in the review month.
Domestic retail investors traded stock worth N67.44billion while institutional investors exchanged N117.50billion worth of equities in the review month.
Meanwhile, foreign investors traded stocks worth N47.52billion, representing 20.44percent of the total equities traded. Foreign inflow into Nigeria’s equities market was just N16.73billion, while foreign outflows were valued at N30.79billion.
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A further analysis of the total transactions executed between the current and prior month (December 2020) revealed that total domestic transactions decreased by 7.21percent from N199.32billion in December to N184.94billion in January 2021. Additionally, total foreign transactions decreased by 32.04percent from N69.92billion (about $178.44million) to N47.52billion (about $120.78million) between December 2020 and January 2021.
Institutional investors outperformed retail investors by 28percent. A comparison of domestic transactions in the current and prior month (December 2020) revealed that retail transactions increased by 10.16percent from N61.22billion in December 2020 to N67.44billion in January 2021. Month-on-month institutional composition of the domestic market also decreased by 14.91percent from N138.09billion in December 2020 to N117.50billion in January 2021.
