Transactions on NSE decreases by 41.2%
Total transactions on the Nigerian Stock Exchange (NSE) from January to November 2016 decreased significantly by 41.20 per cent from N1, 795.07 billion recorded within the same period in 2015 to N1, 055.50 billion in 2016.
Total transactions at the nation’s bourse slightly increased by 0.56 per cent from N64.03 billion recorded in October2016 to N64.39billion (about $0.21billion) 4 in November 2016. This was not enough to significantly alter the yearly performance in positive direction.
Domestic transactions increased by 7.47 per cent from N32.79 billion in October 2016 to N35.24 billion in November 2016. FPI transactions decreased by 7.17 per cent, from N31.24 billion in October 2016 to N29.15 billion in November, 2016.
Foreign portfolio investment (FPI) transactions on The NSE have been on a downward trend from August 2016. In November 2016, domestic investors outperformed their foreign counterparts by about 9.46 per cent.
On a monthly basis, The Nigerian Stock Exchange polls trading figures from major custodians and market operators on their foreign portfolio investment (FPI) flows. The table below shows an analysis of transactions on The Exchange at the end of November 2016.
The FPI outflow includes sales transactions or liquidation of portfolio investments through the stock market, whilst the FPI inflow includes purchase transactions on the Nigerian Stock Exchange (Equities only).
