Domestic transactions decreased by 13.71%
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.
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