Nigeria Stock Market: Foreign Investors Withdraw N55bn

The Nigerian Stock Exchange (NSE) has said foreign outflows from the stock market rose by 97.8 per cent from N27.81bn in January 2019 to N55.01bn in February.

Concise News understands that the NSE said this in its current portfolio investment report for the stock market.

According to the report, foreign inflows jumped by 91.24 per cent from N22.97bn to N43.93bn between January and February.

And in February 2019, the value of transactions carried out by foreign investors rose above those executed by domestic investors by six per cent.

Also, the transactions executed between January and February showed that foreign transactions rose by 48 per cent from N66.85bn in January to N98.94bn in February.

Similarly, the value of the transactions executed in the domestic market by institutional investors outperformed retail investors by eight per cent.

As of February 28, total transactions at the nation’s bourse improved by 54.06 per cent from N122.08bn in January to N188.08bn (about $613.9m) in February.

When placed side by side with the performance in the past year, February 2018 showed that transactions slumped by 11.3 per cent.