SAT FEB 01 2025-theGBJournal| Total transactions in the Nigerian equities market rose to a seventeen-month high, increasing by 52.3% m/m to N673.66 billion in December (November: N442.34 billion), according to the Domestic and Foreign Portfolio Report of the Nigerian Exchange (NGX).
The performance was primarily driven by the higher participation from both domestic investors (90.1% of gross transactions) and foreign investors (9.9% of gross transactions).
On a year-on-year basis, total transactions increased by 56.1% to N5.59 trillion (2023FY: N3.58 trillion).
Analysing the breakdown, domestic investors inflows surged by 51.2% m/m to N606.91 billion (November: N401.40 billion) due to increases in collections from institutional and retails investors by 97.1% m/m and 2.8% m/m, respectively.
On the other hand, inflows from foreign investors rose after a month of contraction, rising by 63.0% m/m to N66.75 billion in December (November: N40.94 billion), partly due to the improved market confidence following a more efficient FX market.
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