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Home Markets Equities Stock Market

[NIGERIAN STOCKS] N303 billion FPI Flies out Of The Stock Market in 6 Months

Nairametrics by Nairametrics
July 27, 2015
in Stock Market
[NIGERIAN STOCKS] N303 billion FPI Flies out Of The Stock Market in 6 Months
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Just like the internet, digital currency is here to stay

Nigerian banks’ total assets surged by a whopping N11.15 trillion within one year

  • The Nigerian Stock Exchange on Friday says a total of about N303 billion in foreign portfolio investment flowed out of Nigeria in the first 6 months of the year.
  • This compared to a total inflow of N285.4 billion for the first 6 months of the year.
  • Thus a total FPI net outflow of just N8 billion exited the stock market
  • The data also reveals there has been a net outflow for every other month except April and June 2015.
  • The report also shows about 52.8% of transactions in the NSE was driven by FPI with 47% driven by domestic funds.

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