By Yakubu LAAH InvestAdvocate
Lagos (INVESTADVOCATE)-Overall total transaction at the Nigerian Stock Exchange (NSE) in June 2014 declined 9.78 percent to N203.45 billion from N225.51 recorded the same period of 2014, according to analysis of transactions for the period ended June 30, 2015.
In May 2015, total transactions at the Nigerian bourse increased from N145.45 billion to N203.45 billion (about $1.04 billion) in June 2015, up 39.88 percent.
While Foreign Portfolio Investments (FPIs) transactions dipped to N69.65 billion, down 12.69 percent from May 2015, total domestic dealings climbed up to N133.80 billion from N107.51 billion recorded a year ago, indicating an increase of 24.45 percent. When compared to May 2015, total domestic transactions climbed up 103.71 percent.
Foreign investors conceded about 31.52 percent of trading to domestic investors as FPI transactions dipped from 54.84 percent of the total transactions in May to 34.24 percent in June while domestic transactions increased from 45.16 percent to 65.76 percent over the same period.
Foreign portfolio investors’ inflows accounted for 20.97 percent of total transactions while the outflows accounted for 13.26 percent of the total transactions in June 2015 according to the NSE’s domestic and foreign portfolio participation in equity June 2015.
In comparison to the same period in 2014, total FPI transactions depreciated by 40.97 percent, whilst the total domestic transactions increased by 24.45 percent.
In 2015 June 2015 FPI inflows outpaced outflows from N42.67 billion to N26.98 billion, while on the contrary, 2015 Year-to-Date (Y-t-D) total foreign outflows was N303.59 billion compared to inflows of N285.40 billion, showing a difference of 6.37 percent.
