Total transactions at the Nigerian Stock Exchange (NSE) increased by 63.58percent from N148.50billion (about $484.60million) in February 2020 to N242.91billion (about $630.04million) in March 2020.

The performance of the review month when compared to the performance in March 2019 (N110.11billion) revealed that total transactions increased by 120.60percent.

On monthly basis the Nigerian Stock Exchange polls trading figures from market operators on their Domestic and Foreign Portfolio Investment (FPI) flows.

As at March 31, 2020, the total value of transactions executed by domestic investors outperformed transactions executed by foreign investors by circa 10percent.

Analysis of the total transactions executed between March and prior month (February 2020) revealed that total domestic transactions increased by 71.97percent from N77.16 billion in February to N132.69 billion in March 2020.

Also, total foreign transactions increased by 54.50percent from N71.34 billion (about $232.79million) to N110.22 billion (about $285.89million) between February and March 2020.

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The value of domestic transactions executed by institutional investors outperformed retail investors by 10percent.

A comparison of domestic transactions in the current and prior month (February 2020) revealed that retail transactions increased significantly by 103.72percent from N29.56 billion in February 2020 to N60.22 billion in March 2020.

Similarly, the institutional composition of the domestic market increased by 52.23percent from N47.60 billion in February 2020 to N72.46 billion in March 2020.

Over a thirteen-year period, domestic transactions decreased by 72.30percent from N3.556trillion in 2007 to N985billion in 2019 while foreign transactions increased by 53.08percent from N616billion to N943billion over the same period.

Total domestic transactions accounted for about 51percent of the total transactions carried out in 2019, while foreign transactions accounted for about 49 percent of the total transactions in the same period.

 

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By Iheanyi Nwachukwu • May 5, 2020

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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