Foreign, Domestic Investment In Equities In 2 Months Slide

The Nigerian Stock Exchange (NSE), has said that foreign and domestic participation in equities reached N169.43 billion from January to February. The monthly foreign and domestic participation in the equities market cumulative transactions from January to February decreased by 15.86 per cent from N201.37 billion recorded in 2016 to N169.43 billion in 2017.
The exchange in its report disclosed that total transactions decreased by 22.25 per cent from N95.32 billion recorded in January 2017 to N74.11 billion in February 2017. “In February 2017, domestic investors out-performed foreign investors by 6.78 per cent.
Domestic transactions decreased by 22.88 per cent from N51.31 billion recorded in January 2017 to N39.57 billion in February 2017 while foreign transactions also decreased by 21.52per cent from N44.01 billion to N34.54 billion within the same period.
“There was a 28.79 per cent decrease in foreign inflows from N22.61 billion in January 2017 to N16.10 billion in February 2017. “Foreign outflows also decreased by 13.83 per cent from N21.40 billion in January 2017 to N18.44 billion in February 2017, the report by NSE added.