Lull at NSE as July’s investment turnover tumbled to N103bn

FGN savings bond

Expatriates continue to shun market Investors’ engagement at the Nigerian Stock Exchange (NSE) suffered noticeable decline in July as trade turnover for the month shrank to show loss risk appetite particularly by foreign investors. The development was in contrast with relaxed lockdown and other measures put in place to restart the Nigerian economy after a breakdown created by Coronavirus pandemic. Based on the latest report released today by the management of the bourse, turnover suffered decline as trade value stood at N103.21 billion, 19.92 per cent lower than N128.88 billion…

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Foreign investors keep shunning Nigerian stocks

Outflow, foreign investors, Nigerian stocks, FPI,

Net outflow soar to N131bn in 5 months ____________________________________________________ Increasingly, the disinterest and loss of enthusiasm of foreign investors in staking their fortune on equities at the Nigerians Stock Exchange (NSE) is alarming. Already, their withdrawal from the market over the years has brought their local counterparts to the limelight as the golden sons of the market as they are now responsible for the overwhelming percentage of transactions at the bourse. This is again supported by the latest foreign portfolio investment (FPI) report released by the NSE for the month…

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