Transactions of foreign investors on the Nigerian Stock Exchange (NSE) has increased to 66.77 per cent in the month of September, as against 52.38 per cent recorded in August.
According to the Portfolio Investment report of the NSE released on Monday, foreign investment in the local bourse outweighed domestic participation which went down to 33.23 per cent in September against August’s 47.62 per cent
The report indicated that the total transactions by foreign investors increased from N63.90 billion in August 2019 to N94.45 billion in September 2019, while transaction by domestic investors decreased from N58.09 billion in August to N47 billion in September.
Total transactions on the Nigerian Stock Exchange in September increased by 15.95 per cent to N141.45 billion, up from N121.99 billion. Foreign investors are mostly responsible for this increase.
“As of 30 September 2019, total transactions at the nation’s bourse increased by 15.95 per cent from N121.99 billion in August 20195 to N141.45 billion in September 2019.
“A further analysis of the total transactions executed between the current and prior month (August 2019) revealed that total domestic transactions decreased by 19.91 per cent from N58.69 billion in August to N47.00 billion in September 2019.
“However, total foreign transactions increased by 47.81 per cent from N63.90 billion to N94.45 billion between August and September 2019.”