May 6, 2025/CSL Research
Foreign Portfolio Investment (FPI) flows dominated trading activity on the Nigerian Exchange Limited (NGX) in March 2025, marking a sharp shift from the recent trend where domestic investors had been the main drivers of market activity.
FPI transactions totalled ₦699.89 billion in March, a significant jump from ₦42.65 billion in February, accounting for 62.74% of the total market turnover of ₦1.12 trillion. In contrast, domestic investor participation declined to ₦415.62 billion in March from ₦466.82 billion in February, representing 37.26% of the total.
While domestic investors have in recent times underpinned market resilience and helped mitigate volatility amid global economic uncertainty, the surge in FPI activity in March was largely driven by large block trades executed on the NGX during the month.
Click here to download full report: CSL Nigeria Daily – 02 May 2025 – Equities .pdf
