NSE: Foreign transactions rise by 97% in 12 years
Foreign transactions on the Nigerian Stock Exchange (NSE) rose by 97.88% from N616 million to N1.22 trillion between 2007 and 2018.
During the same period, domestic transactions declined by 66.68% from N3.55 trillion to N1.18 trillion.
According to the domestic and foreign portfolio investment (FPI) report released on Wednesday, total foreign transactions stood at 51%, while domestic transactions accounted for 49% in 2018.
The NSE added that total transactions increased to N121.99 billion (about $398.0 million dollars) in August 2019.
It said that the figure represented a growth of 7.51% when compared with N113.47 billion ($370.4 million) posted in July 2019.
Furthermore, the total value of transactions executed by foreign investors in August 2019 outperformed that of domestic investors by 4%.
Specifically, foreign participation stood at 52% compared with domestic participation of 48% in August.
NAN also reports that foreign inflow stood at N34.92 billion against the domestic inflow of N26.45 billion in the same period.
Further analysis shows that foreign outflow in August stood at N29.98 billion in contrast with domestic outflow of N31.64 billion in the same review period.
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