March 5, 2021/Cowry Asset Report
Freshly released report by the Nigerian Stock Exchange (NSE) on domestic and foreign portfolio participation in equities trading showed that total equities market transactions decreased marginally in January 2021 compared to the volume of transactions done in January 2020.
This was chiefly due to the dragging foreign portfolio investors’ participation as Naira kept depreciating against the USD amid low interest rate environment – although, we are beginning to see upward movement in rates across maturities.
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