Nairametrics| The Nigerian Stock Exchange has published its data on Local and Foreign portfolio transactions in the Nigerian Stock Exchange.
The first chart shows foreign portfolio inflows into the NSE for the period 2013 – 2016. From a high of about N1 trillion in 2013, foreign portfolio transactions have dropped to as low as N540 billion. We do not know if any adjustment has been made for exchange rates between the periods. One will hope foreign portfolio transactions creep above N800 billion this year.
The second chart shows the total transactions on the NSE including domestic and foreign. Again another major drop in transactions for the year. From a combined N2 trillion a year, it has dropped to just above N1.1 trillion more than a 56%.
Transactions in the Nigerian Stock Exchange largely influence the direction of the All Share Index. The higher the transaction value the higher the possibility of the All Share Index gaining traction.