In ten months to October 31, not less than N1.544trillion worth of Nigeria’s listed stocks were exchanged by dealers on the Bourse, as against N1.581trillion recorded same period in 2020.

Month-on-month (MoM) details show that stocks worth N232.46billion were traded in January, while in February the value of equities traded was N215.58billion.

Further details show that in March 2021, investors traded stocks worth N228.49billion, April (N159.93billion), May (N97.19billion), June (N100.77billion), July (N 89.77billion), August (N89.42billion), September (N118.15billion) and October (N213.07billion).

Out of the total amount of equities traded in the review period, domestic investors exchanged equities worth N1.215trillion, representing 78.66percent of the total. Domestic investors had same in 2020 exchanged stocks worth N989.12billion.

Retail domestic investors on the Nigerian Exchange Limited (NGX) accounted for N494.87billion worth of equities traded in the review ten months period. These retail investors traded stocks worth N451.19billion same period in 2020.

Their institutional counterparts in same period accounted for equities deals valued at N720.34billion. Domestic institutional investors had in ten month to October 2020 exchanged N537.93billion worth of equities.

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Meanwhile, their foreign counterparts in same ten months traded stocks valued at N329.62billion or 21.34percent of the total. Foreign investors had in same ten months period in 2020 exchanged stocks valued at N591.97billion.

Foreign inflow was just N156.30billion while foreign outflow was N173.32billion.

The Nigerian Exchange Limited on a monthly basis polls trading figures from market operators on their Domestic and Foreign Portfolio Investment (FPI) flows.

As at October 31, 2021, total transactions at the nation’s bourse increased by 80.34percent from N118.15billion (about $285.81million) in September 2021 to N213.07billion (about $513.31million) in October 2021.

The performance of the current month when compared to the performance in October 2020 (N244.90billion) revealed that total transactions decreased by 13percent. In October 2021, the total value of transactions executed by Domestic Investors outperformed transactions executed by Foreign Investors by circa 60percent.

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By Iheanyi Nwachukwu • December 7, 2021

Iheanyi Nwachukwu, is a creative content writer with almost two decades journalism experience writing on banking, finance, capital markets, and tax. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos. Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA). Other trainings Iheanyi attended include: Economic/Political Risk Analysis (By Thomson Reuters Foundation); International Financial Journalism (IFJ) (By PMA Media Training, UK); Effective Business Writing Skills (By Phillips Consulting); Reporting on Corporate Governance (By International Finance Corporation (IFC) & Thomson Reuters Foundation UK); etc. In addition, he has participated in high-level economy & markets events in Dubai, South Africa, Morocco, and other African countries like Zambia, Ghana and Gambia.

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