By Yakubu LAAH InvestAdvocate

Lagos (INVESTADVOCATE) – Foreign investors inflow in equities on the Nigerian Stock Exchange (NSE) is N498.86 billion for the period ended November 30, 2013.

This is contained in the NSE’s report on foreign portfolio participation in equity trading for the period ended November 30, 2013.

A breakdown of this shows that between January and March 2013 foreign portfolio investments (FPI) was N40.96 billion, N39.34 billion and N43.13 billion respectively.

Further to this, between the month of April and June, foreign investors inflow to the Nigerian Bourse was N68.35 billion, N45.73 billion and N90.15 billion respectively.

While for the months of July, August and September the NSE recorded FPI inflow of N31.81 billion, N31.12 billion and N26.14 billion respectively, this was on the decline.

For the months of October and November, the NSE recorded N39.45 billion and N42.68 billion foreign portfolio inflows respectively; making it a total of N498.86 billion between January and November 2013.

On a monthly basis, the NSE polls trading figures from major custodians and market operators on their foreign portfolio investments (FPI).  According to the NSE, FPI inflow includes purchase transactions on the Nigerian Bourse (Equities only).