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Foreign stock investors withdraw N1.01tn in two years – NSE

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A report by the Nigerian Stock Exchange (NSE) has claimed that foreign investors withdrew a total of N1.01tn from the nation’s stock market in the past two years,

The NSE, in its latest domestic and foreign portfolio report, showed that the foreign portfolio investors injected N666.40bn into the stock market in the period under review.

According to the report, foreign portfolio investment outflow includes sales transactions or liquidation of portfolio investments through the stock market, while the FPI inflow includes purchase transactions on the NSE (equities only), according to the bourse.

The NSE also noted that the foreign outflow stood at N481.93bn in 2020, compared with N523.42bn a year before.

The bourse said the foreign inflow dropped to N247.27bn in 2020 from N419.13bn in 2019, adding that a total domestic transaction accounted for about 74 percent of the total transactions carried out in 2020, while foreign transactions accounted for about 26 percent.

The NSE added that the total foreign transactions carried out were about N729.21bn, while total domestic transactions were about N1.44tn.

It said: “As of December 31, 2020, total transactions at the nation’s bourse decreased by 15.28 percent from N317.81bn (about $813.87m) in November 2020 to N269.24bn (about $687.06m) in December 2020.

“In December 2020, the total value of transactions executed by domestic investors outperformed transactions executed by foreign investors by about 48 percent.”

 

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