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Home Business News

Foreign participation in Nigeria’s equity market surpasses local participation for 3 consecutive months 

Emmanuel Abara Benson by Emmanuel Abara Benson
October 21, 2019
in Business News, Stock Market
stock, shares, Equity Market down by 0.6% on Monday, Quoted Companies post N4.2 trillion combined profits since 2015, Stockbrokers in Lagos are shifting focus to commodities as stocks underperform, Stock Market gains N204 billion, as effects of OMO restriction kicks in , Penalties: NSE makes over N143.6 million from banks, real sector in 2019 , These companies could soon be delisted from the Nigerian Stock Exchange , C&I Leasing, Oando, UBA, two others top gainers chart on Wednesday, 2020 Nigerian Equities Outlook: Breaking the Jinx?, LASACO, AIICO lead gainers on Wednesday, as bourse dips 0.91% , MTN, Zenith, GTBank lead actively traded stocks on Thursday , Equities: Bearish trades cost the Stock Market N403.02 billion in one week, Blue chips outperform, as All-Share Index up by 9.2% since OMO ban 
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The latest portfolio investment report by the Nigerian Stock Exchange has shown that transactions by foreign investors stood at 66.77% in September, up from 52.38% in the preceding month. On the flip side, transactions by domestic investors stood at 33.23%, down from 47.62% in August.

Based on the foregoing, transactions by foreign investors outperformed those of their local counterparts by 34.00%. This is the third consecutive month foreign portfolio participation in the Nigerian equity market has been on the increase. Meanwhile, participation by local investors has declined consecutively since July.

[READ MORE: Nigeria’s real estate industry attracts foreign investors]

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Further details: In specific terms, the total transactions by foreign investors increased from N63.90 billion in August 2019 to N94.45 billion in September 2019. Transaction by domestic investors, on the other hand, decreased from N58.09 billion in August to N47 billion in September.

Governor Fayemi explores investment options with the capital market

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Altogether, total transactions on the Nigerian Stock Exchange in September increased by 15.95% to N141.45 billion, up from N121.99 billion. Foreign investors are mostly responsible for this increase.

“As at 30 September 2019, total transactions at the nation’s bourse increased by 15.95% from N121.99 billion (about $398.0 million) in August 20195 to N141.45 billion (about $461.50 million) in September 2019. 

“A further analysis of the total transactions executed between the current and prior month (August 2019) revealed that total domestic transactions decreased by 19.91% from N58.69 billion in August to N47.00 billion in September 2019. 

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“However, total foreign transactions increased by 47.81% from N63.90 billion (about $208.4million) to N94.45 billion (about $308.2million) between August and September 2019.”

[READ ALSO: Foreign Investors abandoned 27 States, as Lagos and Abuja attracted $5.8 billion]

The Nigerian Stock Exchange tracks foreign and domestic portfolio investment on a monthly basis. Over the last twelve years, checks by the NSE confirms that foreign transactions increased by 97.88% while those by domestic investors decreased by 66.68%.

To download the full report, click here.

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