The Nigerian Stock Exchange (NGX) recent report on domestic and foreign Portfolio participation in equities trading showed that total equities transactions increased significantly by 32.13 per cent in the month of September.
The report showed that total equities traded rose to to N118.15 billion ( $285.81million) against N89.42billion ($217.53million) in August. The jump in total transaction value was chiefly driven by domestic institutional investors as they moved to participate in the interim dividends declared by some companies, especially the Tier-1 Bank which declared half-year dividends.
The performance of the current
month when compared to the performance in September 2020 which stood at N134.97billion revealed that total
transactions decreased by 12.46 per cent. In September 2021. The total value of transactions executed by
Domestic Investors out performed transactions executed by Foreign Investors by circa 58 per cent.
A further analysis of the total transactions executed between the current and previous month indicated that total domestic transactions increased by 46.43 per cent from N64.06 billion in August to
N93.80 billion in September 2021.
However, total foreign transactions decreased by 3.98 per cent from N25.36billion ($61.69million) to N24.35 billion ($58.91million) between August 2021 and
The transactions also revealed that Institutional Investors outperformed Retail Investors by 32 per cent. A comparison of
domestic transactions in the current and prior month showed that retail transactions
decreased by 0.41 per cent from N31.89billion in August 2021 to N31.76billion in September 2021.
However, the institutional composition of the domestic market increased by 92.85 per cent from N32.17billion in August
2021 to N62.04 billion in September 2021.