June 27, 2017

DOMESTIC INVESTORS ACCOUNTED FOR 54.44% OF MAY TRANSACTIONS – NSE

DOMESTIC INVESTORS ACCOUNTED FOR 54.44% OF MAY TRANSACTIONS – NSE

By Kingsley Ighomwenghian

NSE building

YD2205

 

Latest data from the Nigerian Stock Exchange (NSE) shows that total transactions on the bourse for the month of May stood at N201.61 billion, with domestic investors accounting for a significant N109.75 billion, as against the previous month’s N45.64 billion.

Specifically, according to the exchange, foreign portfolio investment accounted for 45.56 per cent, while the domestic investors pooled 54.44 per cent of the transaction value for the period.

This, the exchange said, was a significant improvement over the figures for the previous month, where foreign investors were responsible for 75.25 per cent of transaction value, leaving just 24.75 per cent for local investors.

 

Read more here.

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