Foreign, Domestic Investors Trade N10.542trn Stocks In 11 Months

The Nigerian Exchange (NGX) Limited has recorded foreign and domestic investors trading stocks worth N10.542 trillion in the first 11 months of 2025.

The Domestic & Foreign Portfolio Investment Report of NGX for November 2025 revealed that investors exchanged stocks worth N10.542 trillion during the review period, surpassing the N4.913 trillion recorded in the same period in 2024.

The domestic investors accounted for 79.23 per cent of the total transactions, while foreign portfolio investors contributed 20.77 per cent. The surge in trading activity reflects growing investor confidence in the Nigerian capital market, driven by ongoing market reforms, improved liquidity, and increased participation by both domestic and foreign investors.

For the month of November, the total transactions at the nation’s bourse decreased marginally by 5.95 per cent from N1.033 trillion in October 2025 to N971.2 billion in November 2025. The performance in November 2025, when compared to November 2024, revealed that total transactions increased significantly by 119.56 per cent.

In November 2025, the total value of transactions executed by domestic investors outperformed transactions executed by foreign investors by circa 66 per cent.

A further analysis of the total transactions revealed that total domestic transactions decreased marginally by 4.35 per cent from N845.96 billion in October 2025 to N809.14 billion in November 2025. Also, total foreign transactions decreased by 13.17 per cent from N186.62 billion to N162.04 billion between October 2025 and November 2025.

Also, institutional investors outperformed retail investors by 32 per cent. A comparison of domestic transactions revealed that retail transactions decreased by 16.21 per cent from N331.71 billion in October 2025 to N277.93 billion in November 2025. However, the institutional composition of the domestic market increased marginally by 3.30 per cent from N514.25 billion in October 2025 to N531.21 billion in November 2025.

The vice chairman of Highcap Securities Limited, David Adonri said, “The rebound in foreign participation reflects renewed confidence following reforms in Nigeria’s foreign exchange regime by the Central Bank of Nigeria (CBN). The changes, aimed at improving transparency and stability in currency markets, have been credited with enhancing liquidity and reducing uncertainty for foreign investors.”