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NSE Total Transactions Drops To N190b In January

Total transactions at the Nigerian Stock Exchange (NSE) plunged to N189.72 billion in January 2015, representing a slide of 26.49 per cent from N258.08 billion recorded in December 2014.

Similarly, the monthly foreign portfolio investment (FPI) transactions at NSE which was N124.50 billion at the end of 2014, depreciated to N99.11 billion (about $0.60 billion) at the beginning of 2015, down 20.39 per cent from December 2014.

According to the Nigerian bourse’s statistics, domestic investors conceded about 4.48 per cent of trading to foreign investors as domestic transactions dropped from 51.76 per cent to 47.76 per cent.

Foreign portfolio investment inflows accounted for 25.32 per cent of total transactions whilst outflows accounted for 26.92 per cent of total transactions in January 2015.

In comparison to the same period in 2014, total FPI transactions soared by 10.52 per cent, while the total domestic transactions plunge by 1.83 .per cent.

In general, there was a 4.26 per cent increase in total transactions in comparison to the same period in 2014.

 

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