Retail investors take shine off institutional counterparts
The institutional composition of the domestic market decreased by 17.09percent from N67.95billion recorded in May to N56.34billion in June 2017; while the retail composition increased by 46.92percent, from N42.47billion to N62.40 billion within the same period.
Recent highlights of the domestic composition of transactions on the Nigerian Stock Exchange (NSE) between January and June 2017 show a higher participation by retail investors over their institutional counterparts for the first time this year.
In the review period, domestic investors outperformed foreign investors by 7.82percent. Total domestic transactions increased by 7.53percent from N110.42billion recorded in May 2017 to N118.74billion in June 2017.
Domestic and foreign portfolio participation in equity trading for June shows foreign transactions increased by 6.66percent from N95.19 billion to N101.53billion within the same period.
Total transactions at the nation’s bourse increased by 7.13percent from N205.61billion recorded in May 2017 to N220.27billion (about $0.72 billion) in June 2017. Also, total transactions for the first half of the year increased by 49.78percent from N624.41 billion recorded in 2016 to N935.26 billion in 2017.
The monthly foreign inflows outpaced outflows, however, foreign inflows decreased by 10.95percent from N73.15billion in May 2017 to N65.93billion in June 2017 while foreign outflows increased by 38.09percent from N22.04billion in May 2017 to N35.60billion in June 2017.
In comparison to the first half of 2016, total foreign portfolio investment (FPI) transactions increased by 59.81percent from N269.22billion to N430.23billion, while the total domestic transactions increased by 42.19percent from N505.03billion to N355.19billion.
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