NIGERIAN EXCHANGE RECORDS N3.48TN IN TRANSACTIONS OVER EIGHT MONTHS
Detailed Breakdown:
1. Total Market Transactions
The Nigerian Exchange Limited (NGX) has reported total transactions worth N3.48tn year-to-date as of August 31, 2024. The data comes from NGX's Domestic and Foreign Portfolio Investment Report for August, highlighting a year of robust market activity.
2. Dominance of Domestic Investors
Domestic investors were the primary drivers of the market, accounting for 81.14% of the total transactions, equivalent to N2.82tn. Foreign investors contributed 18.86%, amounting to N655.47bn.
3. Decline in Monthly Transactions
In August 2024, the NGX recorded a 22.80% decline in transactions, dropping from N491.61bn in July to N379.52bn. However, the year-on-year comparison shows a 44.55% increase from the N262.56bn recorded in August 2023.
4. Performance of Domestic and Foreign Investments
Domestic transactions for August 2024 stood at N322.05bn, representing a 25.81% decrease from July's N434.09bn. Foreign transactions saw a marginal decline of 0.09%, from N57.52bn in July to N57.47bn in August.
5. Retail and Institutional Investors
Retail investors led domestic transactions in August, accounting for N180.72bn—a 33.54% drop from July’s figures. Institutional investors handled N141.33bn, reflecting a 12.85% decline from the previous month.
6. Long-Term Trends
Over the past 17 years, domestic transactions have declined by 10.94%, dropping from N3.56tn in 2007 to N3.17tn in 2023. Foreign transactions have decreased by 33.28%, from N616bn to N411bn in the same period.
This report underscores the sustained activity of local investors in the Nigerian stock market, even as foreign participation remains relatively low.
Detailed Breakdown:
1. Total Market Transactions
The Nigerian Exchange Limited (NGX) has reported total transactions worth N3.48tn year-to-date as of August 31, 2024. The data comes from NGX's Domestic and Foreign Portfolio Investment Report for August, highlighting a year of robust market activity.
2. Dominance of Domestic Investors
Domestic investors were the primary drivers of the market, accounting for 81.14% of the total transactions, equivalent to N2.82tn. Foreign investors contributed 18.86%, amounting to N655.47bn.
3. Decline in Monthly Transactions
In August 2024, the NGX recorded a 22.80% decline in transactions, dropping from N491.61bn in July to N379.52bn. However, the year-on-year comparison shows a 44.55% increase from the N262.56bn recorded in August 2023.
4. Performance of Domestic and Foreign Investments
Domestic transactions for August 2024 stood at N322.05bn, representing a 25.81% decrease from July's N434.09bn. Foreign transactions saw a marginal decline of 0.09%, from N57.52bn in July to N57.47bn in August.
5. Retail and Institutional Investors
Retail investors led domestic transactions in August, accounting for N180.72bn—a 33.54% drop from July’s figures. Institutional investors handled N141.33bn, reflecting a 12.85% decline from the previous month.
6. Long-Term Trends
Over the past 17 years, domestic transactions have declined by 10.94%, dropping from N3.56tn in 2007 to N3.17tn in 2023. Foreign transactions have decreased by 33.28%, from N616bn to N411bn in the same period.
This report underscores the sustained activity of local investors in the Nigerian stock market, even as foreign participation remains relatively low.