The total transactions at the nation’s bourse decreased by 13.66% to N232.46 billion (about $590.82million) in January 2021 from N269.24 billion (about $687.06million) in December 2020.
This is according to the Nigerian Stock Exchange’s Domestic & Foreign Portfolio Investment Report for January 2021 released on Monday.
Year-on-year, January 2021 transactions declined by 1.27% when compared to the N235.46billion recorded in January 2020.
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Domestic investors transactions represent 79.56% (N184.94 billion) of the total transactions, while foreign investors transaction represent 20.44% (47.52 billion).
The total domestic transactions decreased by 7.21% to N184.94 billion in January 2021 from N199.32 billion recorded in December 2020.
Additionally, total foreign transactions decreased by 32.04% to N47.52billion (about $120.78million) in January 2021 from N69.92billion (about $178.44million) in December 2020.
Foreign inflow declined to N16.73 billion in January 2021 from N21.14 billion in December 2020. A foreign inflow of N23.82 billion was recorded in January 2020.
Foreign outflow also declined to N30.79 billion in January 2021 from the N48.78 billion recorded in December 2020. The foreign outflow in January 2020 was N48.78 billion.
Month-on-month, Domestic retail investors’ transaction rose by 10.16% to N67.44 billion in January 2021 from N61.22 billion in December 2020. However, it suffered a 17.42% decline compared to the N81.67 billion recorded in January 2020.
Domestic institutional investors’ transaction declined by 14.91% to N117.50 in January 2021 from N138.09 billion in December 2020. When compared to January 2020 figure (N81.67 billion), Domestic institutional investors’ transaction rose by 40.8% YoY.
Over a fourteen (14) year period, domestic transactions have decreased by 59.54% to N1.439 trillion in 2020 from N3.56 trillion in 2007, whilst foreign transactions increased by 18.45% to N729bn from N616bn over the same period, according to the report.
In 2020, total domestic transactions accounted for about 74% of the total transactions carried out, whilst foreign transactions accounted for about 26% of the total transactions in the same period.
Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.