Foreign Investors Widen Lead, As NGSE Reports N121.99bn Transaction Value In August
The Nigerian Stock Exchange (NSE) says total transaction value for the month of August 2019 stood at N121.99bn, up by N8.52bn or 7.5% from the N113.47bn reported in July.
According to the NSE’s Domestic & Foreign Portfolio Investment Report for the month of August said foreign investors accounted for N63.9bn, or 52.38%; while domestic investors contributed N58.09bn or 47.62%.
A further breakdown of the numbers showed foreign inflow of N34.92bn, up from the previous N28.38bn; outflow stood at N28.98bn, compared to N29.54bn; just as domestic retail investors pooled N23.92bn, a drop from the prior month’s N29.4bn; leaving domestic international investors with N34.17bn, up from N30.25bn in July.
Transaction values in both July and August were, however, a far cry from the N297.74bn recorded in June, of which foreign investors accounted for N96.74bn, or 32.55%; and domestic investors, N200.51bn, or 67.45%. A breakdown of the figure showed that foreign inflow stood at N44.3bn, and foreign outflow, 52.44%; just as domestic retail investors contributed N155.12bn, leaving domestic institutional investors with N45.38bn.
These, according to the NSE, brought transaction value in the first seven months of the year to N1.323tr, down from N1.877tr in the corresponding period of 2018. Foreign investors accounted for N594.46bn, or 47.29% YTD, a significant N312.4bn or 34.44%, when compared to the N906.86bn or 48.31%. The June contribution from domestic investors raised YTD level to N728.51bn, or 52.71%, after dropping by N241.8bn or 24.92%.
A further breakdown of the figure showed a foreign inflow of N278.27bn between January and August, as against the N437.14bn in the corresponding period of last year. The inflow was also much more than the N316.19bn outflow, down from N469.71bn in a similar period of 2018.
Domestic retail investors recorded N379.05bn from N419.45bn; even as domestic institutional investors amounted to N349.46bn from N550.84bn.
Over the past 12 years, since 2007, the NSE data showed that domestic transactions dropped by 66.68% from N3.556tr in 2007, to just N1.185tr in 2018; while foreign transactions soared by 97.88% to N1.291tr, compared to N616m.
In the period, 51% of total transactions were foreign, while domestic transactions came to 49%.
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