By Peter OBIORA InvestAdvocate

Lagos (INVESTADVOCATE)-The Total domestic transactions as at June 30, 2013 has surpassed total foreign transaction by 3.09 percent (3.09%) at Nigerian Stock Exchange (NSE).

From the report of foreign participation in equity trading June 2013 by the NSE, total domestic transactions for the review period was N600.70 billion compared to N582.64 billion total foreign transactions; showing an increase of 3.09% in total domestic transactions.

However, total transaction of both the domestic and foreign as at the review period stands at N1.183 trillion

Foreign inflow/outflow was N327.66 billion and N254.89 respectively making it a total foreign transaction in equity trading of N582.64 billion in the review period.

According to the NSE, the Foreign Portfolio Investment (FPI) transactions which started at N61.46 billion (36.9%) at the beginning of 2013, increased to N582.64 billion (51.1%) at the end of the second quarter of 2013 representing an increase of 14.2%.

The NSE affirmed that this is however a 1.7% reduction from the 52.8% recorded at the end of the first quarter of the year.

While domestic transactions on the other hand decreased from N105.14 billion (63.1%) at the beginning of the year to N600.70 billion (48.9%) at the end of the second quarter of 2013 representing a reduction of 14.2%.

The NSE said this is a slight increase of 1.7% over the 47.2% recorded at the end of the first quarter of the year.

On a monthly basis, the Exchange polls trading figures from major custodians and market operators on their foreign portfolio investments (FPI).

Click here to download NSE’s Foreign Portfolio Investment June 2013