NSE total transactions drop by 13.66% in January

Date:

Lagos, March 1, 2021 The total transactions at the Nigerian Stock Exchange (NSE) dropped by 13.66 per cent in January, Naija247news reports.

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The NSE monthly domestic and foreign portfolio investment (FPI) flows obtained NAN on Monday shows that total transactions stood at N232.46 billion (about 590.82 million dollars) in January.

This was in contrast with N269.24 billion (about $687.06 million) recorded in December.

The performance of January 2021 when compared to the performance in January 2020 (N235.46billion) revealed that total transactions decreased marginally by 1.27 per cent.

In January 2021, the total value of transactions executed by domestic investors outperformed transactions executed by foreign investors by circa 60 per cent.

A further analysis of the total transactions executed between January 2021 and the prior month (December 2020) revealed that total domestic transactions decreased by 7.21 per cent from N199.32 billion in December to N184.94 billion in January 2021.

Similarly, total foreign transactions decreased by 32.04 per cent from N69.92billion in December (about $178.44 million) to N47.52 billion (about $120.78million) in January 2021.

A comparison of domestic transactions revealed that retail transactions increased by 10.16 per cent from N61.22 billion in December 2020 to N67.44 billion in January 2021.

The institutional composition of the domestic market also decreased by 14.91 per cent from N138.09 billion in December 2020 to N117.50 billion in January 2021.

Over 14 year period, domestic transactions decreased by 59.54 per cent from N3.56 trillion in 2007 to N1.44 trillion in 2020, whilst foreign transactions increased by 18.45 per cent from N616 billion to N729 billion over the same period.

Total domestic transactions accounted for about 74 per cent of the total transactions carried out in 2020, whilst foreign transactions accounted for about 26 per cent of the total transactions in the same period.

The transaction data for January 2021 shows that total foreign transactions was circa N47.52billion, whilst total domestic transactions was circa N184.94 billion

Godwin Okafor
Godwin Okaforhttps://naija247news.com
Godwin Okafor is a veteran Financial Journalist, Internet Social Entrepreneur, and the visionary Founder of Naija247news Media Limited. With an extensive career spanning over 16 years in financial journalism, Godwin possesses a wealth of experience that seamlessly bridges both traditional and digital media landscapes. His journey in journalism commenced at Business Day, Nigeria, where he laid the foundation for his prolific career. In 2010, Godwin took a bold step by founding Naija247news Media, a platform that has since become a prominent player in delivering timely and accurate news. Educationally, Godwin Okafor holds a Bachelor's degree in Industrial Relations and Personnel Management from the prestigious Lagos State University, Ojo, Lagos. His commitment to continuous learning led him to the Lagos Business School, where he further honed his skills. Additionally, he is recognized as a Fellow of the University of Pennsylvania, having successfully completed the Wharton Seminar for Business Journalists. Throughout his illustrious career, Godwin has earned acclaim by winning numerous journalism awards, a testament to his dedication to excellence in reporting. Beyond his role as a Financial Journalist, Godwin Okafor wears the hat of the Chairman at Emmerich Resources Limited, the publishing entity behind Naija247news. His visionary leadership has played a pivotal role in shaping the media landscape and establishing Naija247news as a trusted source of information. Godwin Okafor's multifaceted expertise, commitment to journalistic integrity, and leadership in the realm of business journalism underscore his influential presence in both the media and entrepreneurial spheres.

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