THUR, 31 DEC, 2020-theGBJournal –The Nigerian Stock Exchange reported a 29.77% increase in total transactions at the nation’s bourse in November in its latest Domestic & Foreign Portfolio Investment Report published Thursday.
The increase is valued at N317.81billion (about $813.87million) in November 2020, from the N244.90billion (about $634.55million) in October 2020.
The performance of the current month when compared to the performance in November 2019 (N172.52billion) revealed that total transactions increased by 84.22%.
In November 2020, the total value of transactions executed by Domestic Investors outperformed transactions executed by Foreign Investors by circa 58%.
A further analysis of the total transactions executed between the current and prior month (October 2020) revealed that total domestic transactions increased by 53.51% from N163.18billion in October to N250.50billion in November 2020.
Total foreign transactions, however, decreased by 17.63% from N81.72billion (about $211.75million) to N67.31billion (about $172.38million) between October and November 2020.
Institutional Investors outperformed Retail Investors by 16%. A comparison of domestic transactions in the current and prior month (October 2020) revealed that retail transactions increased by 52.10% from N69.94billion in October 2020 to N106.38billion in November 2020. Whilst the institutional composition of the domestic market increased by 54.57% from N93.24billion in October 2020 to N144.12billion in November 2020.
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