Domestic investors stake N873bn in stocks
November 9, 2017 | 12:12 am| | | Start Conversation
In nine months to September 30, domestic investors’ stake in Nigerian equities stood at N872.45billion, analysis of transactions for the period under review shows.
Trading figures from major custodians and market operators on their foreign portfolio investment (FPI) flows show domestic retail investors accounted for N294.6billion while domestic institutional investors accounted for N577.9billion.
Month-on-Month basis, the institutional composition of the domestic market decreased by 85.46percent, from N149.41billion recorded in August to N21.72billion in September 2017. The retail composition also decreased by 39.84percent from N39.11billion to N23.53billion within the same period.
Out of N783.3billion which foreign investors accounted for, a total of N468.3billion represented foreign inflow while N315.04billion was foreign outflow.
Total transactions at the nation’s bourse significantly decreased by 67.36percent from N396.86billion recorded in August 2017 to N129.52billion (about $0.42billion) in September 2017. The aggregate value of transactions –from January to September 2017 – increased by 78.60percent from N927.08billion recorded in 2016 to N1.655trillion in 2017.
Foreign investors outperformed domestic investors by 8.13percent. Total foreign transactions decreased significantly by 59.55percent from N208.34billion recorded in August 2017 to N84.27billion in 2017.
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