Foreign, domestic investors’ transaction down by 39.58% in 2016

The foreign portfolio investment (FPI) and domestic transactions in the equities market decreased significantly by 39.58 per cent from N1, 905.63 billion recorded within the same period in 2015 to N1, 151.38 billion at the end of 2016.

According to The Nigerian Stock Exchange monthly domestic & foreign portfolio participation in equity trading, total foreign transactions decreased by 49.51 per cent from recorded in N1,025 billion at the end of 2015 to N517.55 billion at the end of 2016.

‘’Domestic transactions also decreased by 28.02 per cent from N880.56 billion to N633.82 within the same period.

‘’Total transactions at the nation’s bourse increased by 48.91 per cent from N64.39 billion recorded in November 2016 to N95.88 billion (about $0.31 billion) in December 2016.’’