Total foreign transactions on the Nigerian Exchange Limited (NGX) floor increased to N145.08 billion in the first six months of 2023.
According to the latest information released on domestic and foreign portfolio investment reports in Nigeria's stock exchange for June 2023, total domestic transactions on the Exchange stood at N1.306 trillion, while total foreign transactions stayed at N145.08 billion after the review period.
It will be remembered that total foreign transactions in the first four months of 2023 stood at N62.18 billion as a result of skyrocketing inflation, extended FX scarcity, and uncertainty surrounding the 2023 elections.
NGX Regulation Limited prepares a report every month, revealing trade statistics from market operators on their Domestic and Foreign Portfolio Investment (FPI) flows.
Total transactions at the nation's exchange grew by 25.96% from N322.92 billion (about $693.99 million) in May 2023 to N406.75 billion (about $537.87 million) in June 2023, according to the report. When the current month's performance was contrasted with its performance in June 2022 (N156.52 billion), total transactions grew by 159.87%.
Also, the total value of domestic investor transactions surpassed that of overseas investor transactions by 78%. Domestic inflows and outflows were N180.91 billion and N180.11 billion, respectively, while international inflows and outflows were N22.72 billion and N23.02 billion, respectively.
Read more: https://www.investingport.com/repor...actions-on-ngx-rise-to-n1451bn-in-six-months/