Foreign investors participation in local bourse declines 20.4% in Jan~NSE
By Samuel Bankole
Foreign investors’ participation on the local bourse declined by 20.44 percent to N47.52 billion in January compared with N70.32 billion invested in the market in the same period of 2020.
The latest data from the Nigerian Stock Exchange (NSE) released on Monday showed that domestic investors have continued to outperform their offshore counterparts on the local bourse.
In January, domestic investment rose 79.56 percent to N184.94 billion compared with N165.14 billion last year.
Foreign investors brought in N16.73 billion in January compared with N30.79 cash outflow by the offshore investors in the same period.
Total transactions at the nation’s bourse decreased by 13.66 percent in January to N232.46billion compared with N269.24 billion in December 2020.
“In January 2021, the total value of transactions executed by Domestic Investors outperformed transactions executed by Foreign Investors by circa 60 percent,” the report stated.
“The total value of transactions executed by Domestic Investors outperformed transactions executed by Foreign Investors by circa 60 percent.”
Further analysis of the total transactions executed between the current and prior month December 2020, showed that total domestic transactions decreased by 7.21 percent from N199.32 billion in December to N184.94 billion in January 2021. Additionally, total foreign transactions decreased by 32.04 percent from N69.92 billion to N47.52billion between December 2020 and January 2021,” the reports stated.