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Market Digest Nigeria

Finance

Domestic investors exceed foreigners by N7.7b

domestic

STOCKS: Domestic investors dwarf foreigners by N7.7bn in 2020

Details of domestic and foreign portfolio participation in equity trading published by Nigeria Stock Exchange showed that total domestic transactions accounted for about 74 percent of the total transactions carried out in 2020, whilst N729.21 billion-worth foreign transactions accounted for about 26 percent of the total transactions in the same period.

Analysis of the figures showed that domestic transactions increase by 46 percent from the 2019 transaction figure of N985.5 billion compared to foreign investors’ transaction decreasing by 22 percent from 942.55 billion recorded in 2019.

Foreign outflows decreased by 7.9 percent from N523.4 billion in 2019 to N481.93 billion while foreign inflows increased by 41 percent from N419.13 billion in 2019 to N247.27 billion in 2020.

On monthly basis as at 31 December 2020, total transactions at the nation’s bourse decreased by 15.28 percent from N317.81billion in November 2020 to N269.24billion in December 2020.

In comparison, the performance of December 2020 total transactions increased by 110.44% when compared to N127.94billion performance in December.

On type of domestic transaction, institutional investors outperformed retail investors by 32 percent in full year 2020.

Domestic investors booked N618.75 billion in the 12 months of 2020 and recorded an increase of 29 percent from 477.3 billion in 2019, while institutional investors bookEd N820.1 billion increasing to 61.3 percent from 508.17 in 2019.

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