NSE: Foreign investment increased by 91% in February

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The Nigeria Stock Exchange (NSE) reveals in its latest foreign portfolio investment report that foreign inflows to the economy increased by 91.24 percent between January and February.

Foreign Inflow stood at N22.97bn in January and N43.93bn in February

It also reported an increase in foreign outflows from N27.81bn in January to N55.01bn in February, marking a 97.8 per cent increase.

Total foreign transactions executed increased by 48 per cent from N66.85bn in January to N98.94bn in February.

Despite the huge withdrawal of foreign investments in February, the country recorded an increase of 54.06 per cent between January (N122.08bn) to February (N188.08bn) in bourse activities.

The general performance of the investment report of both domestic and foreign transactions, in comparison of the month in review to that of last year’s, reveals a decrease in total transactions by 11.3 per cent.

Transactions executed by domestic investors were categorised into retail and institutional investors.

Domestic transactions index showed that institutional investors performed better than retail investors by eight per cent.

Total domestic retail transactions increased at a rate of 38.26 per cent from January 2019 (N29.66bn) to February (N41.01bn); the domestic institutional investors market increased significantly by 88.15 per cent in January (N25.58bn) to February (N48.13bn).

Further analysis of the report showed that foreign investment declined from N1.539tn in 2014 to N1.219tn in 2018.

Over a 12-year period, domestic transactions decreased by 66.68 per cent from N3.556tn in 2007 to N1.185tn in 2018.

Total foreign transactions accounted for about 51 per cent of the total transactions carried out in 2018, while domestic transactions accounted for about 49 per cent of the total transactions in the same period.


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