By InvestAdvocate

Lagos (INVESTADVOCATE)-Total foreign transactions on the Nigerian Stock Exchange (NSE) dipped 69.42 percent to N69.33 billion in September 2015 from N226.68 billion recorded the same period of last year, according to the latest data released by the NSE.

The report says that monthly Foreign Portfolio Investments  (FPIs)  transactions at the nation’s bourse decreased to N69.33 billion (about $0.35 billion) in September 2015 from N81.13 billion (about $0.41 billion) at the end of August 2015; representing a decrease of 14.54 percent.

According to the NSE, foreign portfolio investors’ inflows accounted for 22.52 percent of total transactions while the outflows accounted for 30.84 percent of the total transactions in September 2015.

While, domestic investors conceded about 6.72 percent of trading to foreign investors compared to the 11.38 percent they conceded in the previous month as Domestic transactions increased from 44.31 percent to 46.64 percent while FPI transactions decreased from 55.69 percent to 53.36 percent over the same period.

The data shows that the total domestic transactions decreased by 79.53 percent. “FPI outflows outpaced inflows which was not consistent with the same period in 2014. Overall, there was a 75.15 percent decrease in total transactions in comparison to the same period in 2014,” the NSE report added.

The NSE on a monthly basis polls trading figures from major custodians and market operators on their foreign portfolio investments (FPIs).