March 20, 2023



Whole portfolio funding flows via NGX rise to N123.97bn in August

Whole transactions on the Nigerian Change (NGX) on the Home and Overseas Portfolio Funding (FPI) flows elevated to N123.97 billion (about $289.04 million within the month of August this yr.

The quantity represents a surge of twenty-two.52 per cent month on month from N101.18billion (about $236.86 million) reported in July 2022.

The NGX home and overseas portfolio influx knowledge additionally confirmed that in 8 months interval 12 months-to-date, a complete of N1.89 trillion has been transacted by each traders, rising 55.50 per cent yr over yr from N1.21 trillion within the comparable time interval of 2021.

Additionally, August 2022 efficiency outperformed the N89.42 billion reported in the identical interval final yr by 38.64 per cent on the again of improved earnings alternative and comparatively enticing Nigerian shares.

In response to the buying and selling figures polled by the Change from market operators on their home and overseas portfolio inflows, the home portfolio traders attracted a complete sum of N95.76 billion via equities transactions whereas overseas counterparts the interval executed trades price N28.21 billion.

On a month-on-month evaluation of the information offered by the alternate, the full transactions executed between the present and prior month revealed that complete home transactions elevated considerably by 33.93 per cent from N71.50 billion in July to N95.76 billion in August 2022.

Nevertheless, complete overseas transactions lower by 4.95 per cent from N29.68 billion to N28.21 billion between July 2022 and August 2022.

Additionally, on the home entrance within the month of August, the actions of institutional traders outperformed Retail Traders by 16 per cent with the full home transactions rising 29.89 per cent from N30.65 billion in July to N39.81 billion in August.

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In the identical vein, the institutional composition of the home market elevated by 36.94 per cent from N40.85 billion in July 2022 to N55.95 billion in August 2022.

Over a 15 yr interval, the information confirmed that home transactions decreased by 58.80 per cent from N3.556 trillion in 2007 to N1.465 trillion in 2021 while overseas transactions additionally decreased by 29.38 per cent from N616 billion to N435 billion over the identical interval.

Whole home transactions accounted for about 77 per cent of the full transactions carried out in 2021, while overseas transactions accounted for about 23 per cent of the full transactions in the identical interval.

The transaction knowledge for 2022 exhibits that complete home transactions are circa N1.586 trillion, while complete overseas transactions are circa N301.37billion