NGX Achieves N8.05tn Transactions in 22 Months
The Nigerian Exchange (NGX) recorded a remarkable N8.05tn in equity market transactions from January 2023 to October 2024, showcasing significant growth in trading activity. Here’s a detailed breakdown:
Domestic Investors Lead the Way
• Domestic investors accounted for N6.9tn (85.7%) of the total transactions, while foreign investors contributed N1.15tn (14.3%).
• Within the domestic segment:
• Institutional investors led with N3.86tn (47.9% of total transactions).
• Retail investors contributed N3.03tn (37.6%).
Foreign Investors: Inflows and Outflows
• Foreign inflows totaled N519.1bn, while outflows were higher at N635.86bn, reflecting a cautious stance due to Nigeria’s macroeconomic environment, including forex volatility and inflation.
Year-on-Year Performance
• 2024 surpassed 2023 in trading activity:
• 2024 (Jan–Oct): Transactions hit N4.47tn, with foreign investors contributing 16.65% (N744.34bn).
• 2023: Total transactions were N3.58tn, with foreign investors accounting for only 11.48% (N410.62bn).
Monthly Trends
• Activity peaked in March 2024 at N538.54bn, driven by increased participation from both domestic and foreign investors.
Key Insights
The dominance of domestic institutional investors underscores their critical role in market stability. However, enhancing retail participation and boosting foreign investor confidence remain crucial for sustained growth.
This performance highlights the resilience of Nigeria’s equity market amidst global uncertainties. For continued progress, favorable policies targeting investor confidence and inclusivity will be pivotal.
The Nigerian equity market is setting the pace for innovation and resilience!
The Nigerian Exchange (NGX) recorded a remarkable N8.05tn in equity market transactions from January 2023 to October 2024, showcasing significant growth in trading activity. Here’s a detailed breakdown:
Domestic Investors Lead the Way
• Domestic investors accounted for N6.9tn (85.7%) of the total transactions, while foreign investors contributed N1.15tn (14.3%).
• Within the domestic segment:
• Institutional investors led with N3.86tn (47.9% of total transactions).
• Retail investors contributed N3.03tn (37.6%).
Foreign Investors: Inflows and Outflows
• Foreign inflows totaled N519.1bn, while outflows were higher at N635.86bn, reflecting a cautious stance due to Nigeria’s macroeconomic environment, including forex volatility and inflation.
Year-on-Year Performance
• 2024 surpassed 2023 in trading activity:
• 2024 (Jan–Oct): Transactions hit N4.47tn, with foreign investors contributing 16.65% (N744.34bn).
• 2023: Total transactions were N3.58tn, with foreign investors accounting for only 11.48% (N410.62bn).
Monthly Trends
• Activity peaked in March 2024 at N538.54bn, driven by increased participation from both domestic and foreign investors.
Key Insights
The dominance of domestic institutional investors underscores their critical role in market stability. However, enhancing retail participation and boosting foreign investor confidence remain crucial for sustained growth.
This performance highlights the resilience of Nigeria’s equity market amidst global uncertainties. For continued progress, favorable policies targeting investor confidence and inclusivity will be pivotal.
The Nigerian equity market is setting the pace for innovation and resilience!