By Yakubu LAAH InvestAdvocate

Lagos (INVESTADVOCATE)-Total foreign transactions at the Nigerian bourse decreased 33.81 percent from N138.79 billion in April 2014 to N91.86 billion in the review period of May 2014 indicating 33.81 percent.

According to the Nigerian stock exchange (NSE) analysis of transactions for the period ended May 31, 2014 shows that total foreign inflow in April was N65.06 billion compared to N41.27 billion recorded in May 2014; showing 36.56 percent decline.

While total foreign outflow was N73.73 billion in April 2014 compared to N50.59 billion reported in the review period of May 2014; representing 31.38 percent drop.

Contrary to this, total domestic transactions at the Nigerian bourse climbed 140.46 percent from N45.64 billion in April to N109.75 billion in the review period of May 2014.

A review of both domestic and foreign participation in equity trading at the Nigerian bourse from January to May 2014 shows that domestic participation increased to N109.75 billion (about $0.71 billion) in May 2014, up 18.9 percent from January 2014.

The NSE analysis shows that foreign portfolio investors (FPI) ceded about 8.88 percent of trading to domestic investors as foreign transactions decreased marginally from 49.28 percent to 45.56 percent over the same period.

However, total transactions in the review period increased by 10.79 percent from N181.97 billion in January to N201.61 billion in May and foreign portfolio investors’ inflows accounted for 20.47 percent of total transactions while the outflows accounted for 25.09 percent of the total transactions.

The NSE in its analysis said in comparison to the same period in 2013, there was no change in total FPI, whilst the total domestic transactions increased by 13.32 percent. ‘’FPI outflows outpaced inflows which were the same when compared to the same period in 2013. Overall, there was a 6.84 percent increase in total transactions in comparison to the same period in 2013,’’ the NSE report said.