• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Wednesday, July 2, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Domestic Transaction Drops To N225.40bn In August  

by Olushola Bello
2 years ago
in Business
Share on WhatsAppShare on FacebookShare on XTelegram

Domestic investors’ portfolio transactions on the Nigerian Exchange Limited (NGX) dropped to N225.40 billion in the month of August, 2023.

Advertisement

This was contained in the NGX’s Domestic and Foreign Portfolio Investment Report for August. The total domestic transactions decreased by 65.97 per cent from N662.44 billion in July to N225.40 billion in August 2023.

Further analysis showed that on a monthly basis, as at August 31, 2023, total transactions at the nation’s bourse decreased by 62.65 per cent from N702.98 billion in July 5, 2023 to N262.56 billion in August 6, 2023.

The performance of the current month when compared to the performance in August 2022 stood at N123.97billion revealed that total transactions increased by 111.79 per cent.

In August 2023, the total value of transactions executed by Domestic Investors outperformed transactions executed by foreign investors by circa 72 per cent. Also, total foreign transactions decreased marginally by 8.34 per cent from N40.54 billion to N37.16 billion between July 2023 and August 2023.

RELATED

Mobile Phone Subscribers Shrink 30% As SIM-NIN Policy Takes Effect

SIM Swap, Registration Temporarily Halted As Telcos Migrate To New NIMC System

9 minutes ago
Tonya Lawani Joins Dangote Group’s NASCON Board As Independent Director

Tonya Lawani Joins Dangote Group’s NASCON Board As Independent Director

7 hours ago

Analysis of domestic transactions showed that institutional investors outperformed retail investors by 14 per cent. Retail transactions decreased by 57.76 per cent from N229.95 billion in July to N97.13 billion in August 2023.

Similarly, the institutional composition of the domestic market decreased by 70.34 per cent from N432.49 billion in July 2023 to N128.27 billion in August 2023.

Meanwhile, investors’ confidence in Nigeria’s stock market remained strong as equities investors gained N1.4 trillion in August, 2023, despite concerns around the soaring inflation, interest rate hikes and weak macroeconomic indices.

The bullish trend can be attributed to investors’ jostling for low, medium, and high capitalised stocks across some major sectors amid favourable policies introduced by President Bola Tinubu’s new administration such as the removal of fuel subsidies, unification of exchange rate, investors strategically positioning themselves and taking advantage of the recent record earnings posted by quoted firms and the recent formation of the country’s economic cabinet and executives.

Interestingly, the market traded in mixed sentiments during the month under review.

Reacting to the development, market analysts described the performance as mixed- positive signs of domestic inflow growth and optimism driven by reforms but also a significant decline in overall market transactions in August 2023 compared to the previous month.


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

BREAKING NEWS: Nigerians can now earn US Dollars from the comfort of their homes with Ultra-Premium domains, acquire them for as low as $1700 and profit as much as $25,000. Click here to learn how you can earn US Dollars consistently.


SendShareTweetShare
Previous Post

Only Transparency, Sincerity Can Prevent ASUU Strikes – Ex-Education Minister Adeniran

Next Post

Rumour Of Fuel Price Hike Unsettles Motorists, Commuters

Olushola Bello

Olushola Bello

You May Like

Mobile Phone Subscribers Shrink 30% As SIM-NIN Policy Takes Effect
Business

SIM Swap, Registration Temporarily Halted As Telcos Migrate To New NIMC System

2025/07/02
Tonya Lawani Joins Dangote Group’s NASCON Board As Independent Director
Business

Tonya Lawani Joins Dangote Group’s NASCON Board As Independent Director

2025/07/01
FUEL CRISIS…Hold Marketers Responsible For Long Queues – Dangote
Business

Dangote Refinery Slashes Petrol Price To N840

2025/07/01
Carloha Nigeria Supports Lifemate’s Anniversary With New Vehicle
Business

Carloha Nigeria Supports Lifemate’s Anniversary With New Vehicle

2025/07/01
Kiss918 Table Games: A Chill Malaysian Guide To Winning Big
Business

Kiss918 Table Games: A Chill Malaysian Guide To Winning Big

2025/07/01
External Reserves Decline $3.5bn In 6 Months
Business

External Reserves Decline $3.5bn In 6 Months

2025/07/01
Leadership Conference advertisement

LATEST

Nigeria’s Democratic Journey: The Need For Electoral Reform Through Electronic Voting

SIM Swap, Registration Temporarily Halted As Telcos Migrate To New NIMC System

Education Beats Poverty, Not AI, Tinubu Tells Students In Saint Lucia

Jury Reaches Partial Verdict In Diddy’s Trial, Splits On Racketeering Charge

BREAKING: David Mark, Aregbesola Emerge ADC Chairman, Secretary

From Extraction To Enablement: Reimagining Governance, Growth And Taxation In Nigeria

Professor Dambatta Emerges New Vice Chancellor Of Bayero Varsity Kano

No Land Allocated To Wike’s Children, FCTA Insists

Federal Gov’t Approves N65bn Disbursement To Health Facilities

Dantata: Senate Postpones North-West Constitution Review Public Hearing

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.