There are indications that domestic transactions in the Nigerian Exchange Limited (NGX), decreased by 13.71 per cent from N74.24 billion in July to N64.06 billion in August 2021.
This is reflected on the monthly Nigerian Exchange Limited polls trading figures from market operators on their Domestic and Foreign Portfolio Investment (FPI) flows.
According to the exchange, as at August 31, 2021, total transactions at the nation’s bourse decreased marginally by 0.39 per cent from N89.77 billion (about $218.20million) in July 2021 to N89.42billion (about $217.53million) in August 2021.
The performance of the current month when compared to the performance in August 2020 (N94.45 billion) revealed that total transactions decreased by 5.33 per cent.
It further showed that in August 2021, the total value of transactions executed by domestic investors outperformed transactions executed by foreign investors by circa 44 per cent.
A further analysis of the total transactions executed between the current and prior month (July 2021) revealed that total domestic transactions decreased by 13.71 per cent from N74.24 billion in July to N64.06 billion in August 2021. However, total foreign transactions increased by 63.30 per cent from N15.53 billion (about $37.75million) to N25.36 billion (about $61.69 million) between July 2021 and August 2021, the report further showed.
Analysis of domestic transactions shows that institutional investors outperformed retail investors by 0.44 per cent.
A comparison of domestic transactions in the current and prior month (July 2021) revealed that retail transactions decreased by 15.16 per cent from N37.59 billion in July 2021 to N31.89 billion in August 2021, data from the exchange further showed. Similarly, the institutional composition of the domestic market decreased by 12.22 per cent from N36.65 billion in July 2021 to N32.17 billion in August 2021.
YOU SHOULD NOT MISS THESE HEADLINES FROM NIGERIAN TRIBUNE
We Have Not Had Water Supply In Months ― Abeokuta Residents
In spite of the huge investment in the water sector by the government and international organisations, water scarcity has grown to become a perennial nightmare for residents of Abeokuta, the Ogun State capital. This report x-rays the lives and experiences of residents in getting clean, potable and affordable water amidst the surge of COVID-19 cases in the state… October 1st: FG issues security alert ahead of celebration
Selfies, video calls and Chinese documentaries: The things you’ll meet onboard Lagos-Ibadan train
The Lagos-Ibadan railway was inaugurated recently for a full paid operation by the Nigerian Railway Corporation after about a year of free test-run. Our reporter joined the train to and fro Lagos from Ibadan and tells his experience in this report… October 1st: FG issues security alert ahead of celebration
[ICYMI] Lekki Shootings: Why We Lied About Our Presence — General Taiwo
The Lagos State Judicial Panel of Inquiry probing the killings at Lekki Toll Gate, on Saturday resumed viewing of the 24hrs footage of the October 20, 2020 shooting of #EndSARS protesters by personnel of the Nigerian Army…
ICYMI: How We Carried Out The 1993 Nigerian Airways Hijack —Ogunderu
On Monday, October 25, 1993, in the heat of June 12 annulment agitations, four Nigerian youngsters, Richard Ajibola Ogunderu, Kabir Adenuga, Benneth Oluwadaisi and Kenny Razak-Lawal, did the unthinkable! They hijacked an Abuja-bound aircraft, the Nigerian Airways airbus A310, and diverted it to Niger Republic. How did they so it? Excerpts…
and then