By Richard ABANGWU InvestAdvocate
Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) has reported a decline in Flow of Foreign Portfolio Investments (FPIs) in Equity Trading on the Nigerian Stock Market for the period 2007 to February 2013.
This is contained in are recent Report by the NSE on Foreign Portfolio Participation in Equity Trading at NSE 2007 – February 2013.
According to the Nigeria’s Exchange, on a monthly basis, it polls trading figures from major Custodians and Market Operators on their Foreign Portfolio Clients to show the breakdown of the portfolio inflow and outflow between 2007 and February 2013.
To record the decline, the Report states that the total Flow of Foreign Portfolio Investments (FPIs) in Equity Trading on the Nigerian Stock Market for the 2007 period was N615.63 billion compared to N140.8 billion recorded in February 2013; showing a decline of -77.1 percent (-77.1%) in the review period.
From the Report, comparison of Total Foreign Flows with Stock Market Transactions ($Billion) which stood at 15% in 2007 consistently increased over the years to stand at 67% in 2011 but dropped to 61.4% in 2012.
“The declining trend of FPI Flow continued in 2013. Consequently, Domestic investors increased their share of the Market from 33.2% in 2011 to 38.6% and to 61% 2013. Domestic investors can be categorised into either Institutional or Retail investors†the Report said.
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