Foreign portfolio investors (FPI) in Nigeria’s equities took away N267.47 billion from the market as against N190.82 billion they inflowed from January to May 2024,
The heavy outflow in five months to May represents a significant increase when compared to the same period in 2023 when these FPIs who brought in N49.30 billion into stock market outflows N50.04billion.
Foreign Inflow in January 2024 was N15.78 billion while foreign outflow was N37.33 billion.
In February 2024, foreign inflow was N24.93billion with the foreign outflow at N40.88billion.
In March 2024, foreign inflow into the stock market was N52.66billion while foreign outflow was N41.60billion in March.
It was in April 2024 that the foreign portfolio investors outflows peaked when it reached N78.25billion as against N42.58 billion foreign inflow.
For a sixteen (16) year period now, domestic transactions have decreased by 10.94 percent from N3.556 trillion in 2007 to N3.167trillion in 2023. In the same light, the foreign transactions also decreased by 33.28percent from N616 billion to N411 billion over the same period.
Total domestic transactions accounted for about 89 percent of the total transactions carried out in 2023, while foreign transactions accounted for about 11 percent of the total transactions in the same period.
In the review five months, stocks traded on the Exchange worth N2.249 trillion. Foreign investors accounted for N458.29 billion or 20.37percent, while domestic investors accounted for N1.791 trillion or 79.63percent.
Domestic retail investors traded stocks worth N 885.19billion in the review period while domestic institutional investors accounted for deals worth N906.07 billion.
