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Market Digest Nigeria

Business

NSE February 2017 Transactions Drops at 22.25%

Total transactions on the floor of the Nigerian Stock Exchange (NSE) in February 2017 depreciated by 22.25 percent from N95.32 billion recorded in January 2017 to N74.11 billion, latest data released by the NSE revealed.

In the foreign portfolio investment report for February 2017, it was disclosed that domestic investors outperformed foreign investors by 6.78 percent.

The domestic transactions decreased by 22.88 percent from N51.31 billion recorded in January 2017 to N39.57 billion in February 2017, while foreign transactions also decreased by 21.52 percent from N44.01 billion to N34.54 billion within the same period.

Similarly, the cumulative transactions from January to February decreased by 15.86 percent from N201.37 billion recorded in 2016 to N169.43 billion in 2017.

It was pointed out in the report that there was a 28.79 percent decrease in foreign inflows from N22.61 billion in January 2017 to N16.10 billion in February 2017.

Foreign outflows also decreased by 13.83 percent from N21.40 billion in January 2017 to N18.44 billion in February 2017.

The institutional composition of the domestic market decreased by 21.93 percent from N31.19 billion recorded in January to N24.35 billion in February 2017.

Also, the retail composition depreciated by 24.35 percent from N20.12 billion to N15.22 billion within the same period. This indicates more active participation by institutional investors over their retail counterparts in the period under review.

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