The total foreign transactions on the floor of the Nigerian Stock Exchange (NSE) has risen by 12.69 per cent, from N34.59 billion, which is about $89.00million, to N39.98 billion, which is about $100.82 million. This increase occured between July and August, 2020.
The statistics which were received from the NSE’s official website, showed that the total transactions carried out between the current and prior month (July 2020), saw the total domestic transactions decrease by 19.16 per cent from N68.62 billion in July to N55.47 billion in August.
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All information was contained in the NSE’s Domestic & Foreign Portfolio Investment Report, which was released yesterday, to the investing community. This report also shows transactions from nearly all custodians and capital market operators.
An analysis showed that institutional investors outperformed retail investors by 4 per cent, while retail transactions reduced by 18.22 per cent from N32.54 billion in July 2020, to N26.61 billion in August 2020. However, the institutional composition of the domestic market went down by 20.01 per cent from N36.08 billion in July 2020 to N28.86 billion in August 2020.
Yesterday at the close of trading, the All-Share Index (ASI), rose by 0.79 per cent to close at 25,987.14 points. Market capitalism also increased N106 billion to N13.581 trillion, while the Year-to-Date (YtD) return improved to -3.2 per cent.
