Domestic Transactions Soar to N3.73tn on NGX!
Market Activity Breakdown:
Domestic transactions on the Nigerian Exchange (NGX) hit an impressive N3.73 trillion year-to-date in October, representing 83.35% of total market activity.
October Insights:
• Total Market Transactions:
₦502.73bn (+1.97% from ₦493.01bn in September).
Domestic Transactions: ₦455.27bn (90.56% of total activity).
Foreign Transactions: ₦47.46bn (9.44% of total activity).
• Domestic Performance Highlights:
• Institutional Investors: ₦285.23bn.
• Retail Investors: ₦170.04bn.
• Month-on-month growth: +0.81% (from ₦451.60bn in September).
Yearly Growth Trend:
• October 2023 vs. 2024:
+127.54% increase in total transactions (from ₦220.94bn in October 2023).
• Full-Year Performance:
• 2024 YTD Transactions: ₦4.47tn.
• Domestic Transactions: ₦3.73tn (83.35% of total).
• Foreign Transactions: ₦744.34bn (16.65% of total).
Foreign Participation:
• October Highlights:
• Inflows: ₦33.31bn.
• Outflows: ₦14.15bn.
• Total Foreign Transactions: ₦47.46bn (+14.61% from ₦41.41bn in September).
• 2024 Year-to-Date:
• Foreign transactions grew to ₦744.34bn, surpassing ₦291.38bn in 2023.
• Inflows remain higher than outflows but account for just 16.65% of total activity.
Long-Term Market Dynamics:
• 17-Year Comparison (2007–2023):
• Domestic transactions fell by 10.94%, but still dominated at 89% in 2023.
• Foreign transactions dropped by 33.28%, from ₦616bn to ₦411bn.
Takeaway: The surge in domestic participation underscores growing local investor confidence, with institutional players leading the charge. Foreign interest remains steady but secondary to domestic dominance.
Stay updated as the NGX continues to shape market dynamics!
Market Activity Breakdown:
Domestic transactions on the Nigerian Exchange (NGX) hit an impressive N3.73 trillion year-to-date in October, representing 83.35% of total market activity.
October Insights:
• Total Market Transactions:
₦502.73bn (+1.97% from ₦493.01bn in September).
Domestic Transactions: ₦455.27bn (90.56% of total activity).
Foreign Transactions: ₦47.46bn (9.44% of total activity).
• Domestic Performance Highlights:
• Institutional Investors: ₦285.23bn.
• Retail Investors: ₦170.04bn.
• Month-on-month growth: +0.81% (from ₦451.60bn in September).
Yearly Growth Trend:
• October 2023 vs. 2024:
+127.54% increase in total transactions (from ₦220.94bn in October 2023).
• Full-Year Performance:
• 2024 YTD Transactions: ₦4.47tn.
• Domestic Transactions: ₦3.73tn (83.35% of total).
• Foreign Transactions: ₦744.34bn (16.65% of total).
Foreign Participation:
• October Highlights:
• Inflows: ₦33.31bn.
• Outflows: ₦14.15bn.
• Total Foreign Transactions: ₦47.46bn (+14.61% from ₦41.41bn in September).
• 2024 Year-to-Date:
• Foreign transactions grew to ₦744.34bn, surpassing ₦291.38bn in 2023.
• Inflows remain higher than outflows but account for just 16.65% of total activity.
Long-Term Market Dynamics:
• 17-Year Comparison (2007–2023):
• Domestic transactions fell by 10.94%, but still dominated at 89% in 2023.
• Foreign transactions dropped by 33.28%, from ₦616bn to ₦411bn.
Takeaway: The surge in domestic participation underscores growing local investor confidence, with institutional players leading the charge. Foreign interest remains steady but secondary to domestic dominance.
Stay updated as the NGX continues to shape market dynamics!