CAPITAL MARKETMARKETSTOP STORY

Domestic investors take charge on the NSE, account for 61% transactions

Table has turned on the Nigerian Stock Exchange (NSE) as retail investors and domestic institutional   investors have dominated the equities market on the Exchange for the month of May, 2016.

This segment of investors accounted for 60.95 per cent of trading activities valued at N63.34 billion out of sum of N103.92 billion that the market witnessed in the period under review.

On the other hand, foreign investors who had been the main stay of the equities segment of the market could only account for 39.05 per cent transactions or N40.58 billion in the period.

NSE in its domestic & foreign portfolio participation in equity trading for May, said total transactions at the nation’s bourse increased by 55.20 per cent from N66.96 billion recorded in April 2016 to N103.92 billion in May 2016.

The report said: “In comparison to the same period in 2015, total transactions decreased by 28.55 per cent from the N145.45 billion recorded in May 2015.

‘’Domestic investors outperformed their foreign counterparts by 21.90 per cent as total FPI transactions increased by 43.49 per cent from N28.28 billion in April to N40.58 billion in May 2016 compared to an increase of 63.75 per cent from N38.68billion in April to N63.34 billion in May 2016 recorded by Domestic investors.

‘’Monthly foreign inflows slightly outpaced outflows as foreign inflows increased by 44.35 per cent from N14.52 billion in April to N20.96 billion in May 2016 while foreign outflows increased by 42.59 per cent from N13.76billion to N19.62 billion within the same period,’’ it added.

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