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Nigeria’s Exchange: Retail Investors accounts for 11% of Market value

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market players2By Christopher Nnanta InvestAdvocate

Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) Thursday announced that Retail Investors accounts for 11 percent (11%) of the total Market value.

Bola Adeeko, Head, Corporate Division and Chief of Staff to the Nigeria’s Exchange made this disclosure during a Media Parley with Capital Market Correspondents at the Stock Exchange House in Lagos Nigeria.

“When you look at the existing Investment Portfolios today, Institutional investors both Local and Foreign are still the biggest players and the Retail Investors in Nigeria today is about 11% of the entire Market Capitalisation” he said.

He affirmed that the Nigerian Capital Market (NCM) is not for the Elites; but for everybody; including the Artisans and Students, “Students are also one of the people we want to draw into this Market” he said.

According to Adeeko, in places like the United States (US) some people will give their children stock of Companies as it appreciates; which is hopefully what the child will get to benefit from as the child is being introduced to the whole concept of participating in the Capital Market.

Adeeko said that the job of the NSE is not to advice Investors; but that of Stockbrokers/Financial Advisers; “however, the NSE will thrive to make sure they complement what these people do by organising investor education through the newly introduced “Investors Clinic” designed to make sure that the average Investor in the Nigerian Capital Market is well informed as to how to invest.

The NSE’s Head, Corporate Division and Chief of Staff said apart from the Investors Clinic, they also want to collaborate with all the groups outside the NSE and would want to have a wider reach across the Country; not only in Lagos.

Prior to this time, Oscar Onyema, the Chief Executive Officer (CEO) of the Nigeria’s Exchange in the 2011 Market review and 2012 Market Outlook said that Foreign Portfolio Investment in the review period recorded an inflow of N478.62 billion, an outflow of N312.65 billion and net inflows of N165.97 billion.

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