•Domestic interests fall to N1.18tn
Goddy Egene
Foreign transactions in the Nigerian equities market soared by 97.88 per cent from N616 billion to N1.219 trillion in the last 12 years, figures released yesterday by the Nigerian Stock Exchange (NSE) have shown.
The jump, which is between 2007 and 2018, indicated foreign investors’ preference for the Nigerian equities market.
However, while foreign investors increased their investments, their domestic counterparts’ participation declined in the review period, falling by 66.6 per cent from N3.556 trillion in 2007 to N1.185 trillion in 2018.
In 2018 alone for instance, foreign transactions accounted for 51 per cent while domestic investors accounted for 49 per cent. But the bearish trend that charaterised the market since the 2018 and into 2019, which saw the exit of some investors, made more domestic investors to come into the market. Consequently, domestic transactions between January…
Source: Thisday Newspaper
