Domestic investors outperformed foreign investors by 2% in December 2019

As of December 31, 2019, total transactions at the nation’s bourse decreased by 25.84 per cent from N172.52 billion (about $562.89 million) in November 2019 to N127.94 billion (about $417.41 million) in December 2019.

According to The Nigerian Stock Exchange report of  polls trading figures from market operators on their domestic and foreign portfolio investment flows, the performance of the current month when compared to the performance in the same period (December 2018) of the prior year revealed that total transactions increased by 1.65 per cent.

In December 2019, the total value of transactions executed by domestic investors outperformed transactions executed by foreign investors marginally by two per cent.

A further analysis of the total transactions executed between the current and prior month (November 2019) revealed that total domestic transactions decreased by 24.44 per cent from N85.76 billion in November to N64.80 billion in December 2019. Similarly, total foreign transactions decreased by 27.22 per cent from N86.76 billion (about $283.1million) to N63.14 billion (about $206 million) between November and December 2019.

The report further illustrated that the value of domestic transactions executed by Institutional investors outperformed Retail investors by 24 per cent. A comparison of domestic transactions in the current and prior month (November 2019) revealed that retail transactions decreased by 24.03 per cent from N32.21 billion in November 2019 to N24.47 billion in December 2019. Similarly, the institutional composition of the domestic market decreased by 24.71 per cent from N53.55 billion in November 2019 to N40.32 billion in December 2019.

Over 13 year period, domestic transactions decreased by 72.30 per cent from N3.556 trillion in 2007 to N985 billion in 2019 whilst foreign transactions increased by 53.08 per cent from N616 billion to N943 billion over the same period.

Total domestic transactions accounted for about 51 per cent of the total transactions carried out in 2019, whilst foreign transactions accounted for about 49 per cent of the total transactions in the same period.

The report also revealed that total foreign transactions carried out year till date (YTD) is about N942.55 billion whilst total domestic transactions YTD is about N985.53 billion