• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
Sunday, July 3, 2022
Leadership News
Read in Hausa
  • Home
  • NewsLatest
    • World News
    • ASUU News
  • Politics
  • Business
  • Sports
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
  • Columns
  • Others
    • How-to
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Podcast
No Result
View All Result
  • Home
  • NewsLatest
    • World News
    • ASUU News
  • Politics
  • Business
  • Sports
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
  • Columns
  • Others
    • How-to
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Podcast
No Result
View All Result
Leadership News
No Result
View All Result
Home News Business

Domestic, Foreign Transactions Hit N1.5trn In 5Months On NGX

by Olushola Bello
1 week ago
in Business
0
ngx
Share on WhatsAppShare on FacebookShare on TwitterTelegram

The total value of domestic and foreign transactions on Nigerian Exchange Limited(NGX) for the first five months of the year 2022 has recorded a total sum of N1.506 trillion.

This record shoots higher against N933.65 billion, which was the total transactions carried out by both domestic and foreign investors in the corresponding period of January to May 2021.

In a report released by NGX Regulation Limited on behalf of NGX, the Domestic and Foreign Portfolio Investment (FPI) May 2022 report captured these transactions as well as trading figures from market operators.

Additionally, Domestic investors have continued to hold ground on the floor of the NGX despite rising inflation and currency volatility in the foreign exchange market which remained key drivers of the Domestic & Foreign Portfolio Investment.

Further analysis has shown that foreign transactions stood at N201.29 billion, accounting for about 13.37 per cent of the total transactions carried out from January to May, while domestic transactions constituted N1.304 trillion, representing 86.63 per cent of the total transaction, outperforming the foreign investment during the same period.

Analysis of domestic transactions showed that institutional investors outperformed retail investors. A comparison of domestic transactions in the period under review revealed that retail transactions pulled N408.03 billion in investment, while institutional investors’ investment amounted to N896.21 billion from January to May 2022.

RELATED

Unilever Nigeria, SupplierGATEWAY Partner To Empower Female, Disability Business Owners

Unilever Nigeria, SupplierGATEWAY Partner To Empower Female, Disability Business Owners

3 hours ago
$12.5m Calabar Port Dredging Contract: NPA Begins Out-of-court Settlement

$12.5m Calabar Port Dredging Contract: NPA Begins Out-of-court Settlement

8 hours ago

For the month of May, total transactions at the nation’s bourse increased by 195.05 per cent from N205.88 billion (about $494.26 million) in April 2022 to N607.45billion (about $1.45 billion) in May 2022.

The performance of the current month when compared to the performance in May 2021 (N97.19 billion) revealed that total transactions increased by 525.01 per cent. In May 2022, the total value of transactions executed by Domestic Investors outperformed transactions executed by Foreign Investors by circa 86 per cent.

However, the report revealed that, “over 15 years, domestic transactions decreased by 58.80 per cent from N3.556 trillion in 2007 to N1.465 trillion in 2021, while foreign transactions also decreased by 29.38 per cent from N616 billion to N435 billion over the same period.”

Consequently, the stock market regained more confidence at the start of the year, with key drivers like BUA Foods listing on NGX; investors’ reaction to companies’ full-year earnings and dividend declarations; predominance of domestic players over foreign players in the market, and low yields in the fixed income market which forced investors to consider more profitable securities in the equity market.

Capital market analysts stated that local investors are taking advantage of the incredibly low prices of stocks in NGX to increase their investments.

They explained that local investors are increasing their stake in the equities market due to the attractive dividend yield in the market and because of the low yield environment in the fixed income market.

They observed that the development is good for the local bourse, saying, it would restore credibility and stability to the market, which was hitherto marred by volatility occasioned by the activities of foreign investors.

Tags: NGX
SendShareTweetShare
ADVERTISEMENT
Previous Post

New Dawn, Cubana Unveil New Estate

Next Post

Global Firms Partner To Provide $7m To 60 Healthtech Companies

ANOTHER GOOD READ

Unilever Nigeria, SupplierGATEWAY Partner To Empower Female, Disability Business Owners
Business

Unilever Nigeria, SupplierGATEWAY Partner To Empower Female, Disability Business Owners

3 hours ago
$12.5m Calabar Port Dredging Contract: NPA Begins Out-of-court Settlement
Business

$12.5m Calabar Port Dredging Contract: NPA Begins Out-of-court Settlement

8 hours ago
oil tefth
Business

Stakeholders Seek Ways To Tackle Crude Oil Theft

8 hours ago
airtel
Business

Airtel Africa Launches Smartcash To Boost Financial Inclusion

8 hours ago
Industries That Look Set to Grow Across Africa – Expert
Business

2022 World PR Day: Practitioners To Present Unified Global Agenda

8 hours ago
Buhari Welcomes Berthing Of First Ship At Lekki Deep Seaport
Business

Buhari Welcomes Berthing Of First Ship At Lekki Deep Seaport

24 hours ago
Next Post
healthtech

Global Firms Partner To Provide $7m To 60 Healthtech Companies

LATEST UPDATES

Atiku

2023: As Former PDP Reps Members Mobilise For Atiku/ Okowa

July 3, 2022
senate

On NASS Plans To Amend Electoral Act Again

July 3, 2022
Fuel Subsidy

Focus On The Green Chamber : National Water Resources Bill And The Mirage Of Power Devolution

July 3, 2022
Lions Clubs To Spend N200 Million On Cancer Treatment Support At LUTH

Lions Clubs To Spend N200 Million On Cancer Treatment Support At LUTH

July 3, 2022
Unilever Nigeria, SupplierGATEWAY Partner To Empower Female, Disability Business Owners

Unilever Nigeria, SupplierGATEWAY Partner To Empower Female, Disability Business Owners

July 3, 2022
CDS Seeks Collective Action Against Maritime Insecurity In Africa

Amao Tasks NAF Personnel On Physical, Mental Fitness

July 3, 2022
Power Shift: Why I Revolted Against Northern APC Govs – Kogi Gov

Gov. Yahaya Bello: A Valorous Ambassador Of The New-age

July 3, 2022
Water Scarcity, A Curious Tragedy For Nasarawa Eggon Community

Water Scarcity, A Curious Tragedy For Nasarawa Eggon Community

July 3, 2022

© 2022 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
    • World News
    • ASUU News
  • Politics
  • Business
  • Sports
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
  • Columns
  • Others
    • How-to
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Podcast

© 2022 Leadership Media Group - All Rights Reserved.