SAT JAN 31 2026-theGBJournal| Total transactions in the Nigerian equities market surged by 62.2% m/m to N1.84 trillion in December (November: N1.13 trillion), according to the latest NGX Domestic and Foreign Portfolio Investment Report.
The performance was primarily driven by the higher participation from both foreign (24.9% of gross transactions) and domestic (75.1% of gross transactions) investors.
Specifically, transactions from foreign investors rose by 182.7% m/m to N458.09 billion (November: N162.04 billion), reflecting improved sentiment amid moderating fixed-income yields, while domestic transactions increased by 42.1% m/m to N1.38 trillion (November:N971.18 billion), supported mainly by stronger retail activity (+54.9% m/m) despite a 7.4% m/m decline in institutional trades.
The spike in activity was also amplified by block trades. Despite higher turnover, the market recorded net outflows of N71.80 billion, reversing November’s modest net inflows of N360.00 million, likely reflecting investor repositioning ahead of the planned CGT implementation in January 2026.
On a year-on-year basis, total transactions increased by 145.1% to N13.69 trillion in 2025FY (2024FY: N5.59 trillion).
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