NGX Archives - Business Metrics

Foreign Appetite for Nigerian Stocks Wanes as Outflow Hits N385.9 Billion in 9 Months Foreign investors are increasingly losing appetite in the Nigerian stock market as activities in the first nine months of the year shows withdrawal of investment. During the period, portfolio investors invested N310.99 billion on stocks even as they sold off more equities worth N385.89 billion, amounting to a net foreign outflow of N72.9 billion. In the nine-month period under review, the Nigerian Exchange recorded N3.968 trillion in equities trading and this was primarily driven by strong domestic investor participation The while the figure represents a remarkable increase from the N2.712 trillion worth of stocks traded during the same period in 2023, foreign investors contributed the least while domestic counterparts continued to dominate the space. Expatriates in the market were responsible for just N696.88 billion, accounting for 17.56% of the total value of stocks traded, while domestic investors dominated the market with N3.271 trillion, or 82.44% of total trading volume The latest Foreign Portfolio Investment report highlights the performance of domestic investors, with retail investors trading N1.739 trillion worth of stocks and institutional investors contributing N1.531 trillion during the nine-month period. Investments in September 2024 In September 2024, total transactions on the Nigerian Exchange saw a month-on-month increase of 29.90%, rising from N379.52 billion (approximately $237.70 million) in August to N493.01 billion (about $307.84 million). This is a notable improvement compared to September 2023, where total transactions were valued at N295.80 billion, marking a 66.67%t increase year-on-year. In September 2024, domestic investors outperformed foreign investors, executing transactions valued at 84% more than their foreign counterparts. Domestic transactions rose significantly, with total domestic trading increasing by 40.23% from N322.05 billion in August to N451.60 billion in September. Conversely, foreign transactions saw a decline of 27.95%, dropping from N57.47 billion (about $35.99 million) in August to N41.41 billion (approximately $25.86 million) in September. The report also indicates that retail investors surpassed institutional investors, outperforming them by 28%. A closer look at the domestic market reveals that retail transactions increased by 59.42 percent, from N180.72 billion in August to N288.10 billion in September, while institutional transactions rose by 15.6%, from N141.33 billion to N163.50 billion during the same period.

Foreign Appetite for Nigerian Stocks Wanes as 9-month Outflow Hits N385.9 Billion

Foreign investors are increasingly losing appetite in the Nigerian stock market as activities in the first nine months of the year shows withdrawal of investment. During...

Investors Lose N1.22 Trillion on Stocks amid Mixed Turnover

Markets2 weeks ago

Investors Lose N1.22 Trillion on Stocks amid Mixed Turnover

Equities investors in Nigeria were displeased with the outcome of weekly trading on the floor of the Nigerian Exchange Limited (NGX) as they parted with a...

Oando, Aradel, GTCO, 12 other Drive NGX to N197Bn Gain

Capital Market1 month ago

Oando, Aradel, GTCO, 12 other Drive NGX to N197BN Gain

The Nigerian equities market traded with positive sentiments on Tuesday driven by buying interests in OANDO (+7.9%), ARADEL (+6.1%), and GTCO (+3.2%). At the close of...

Capital Market1 month ago

How Aradel Holdings Listing Lifts NGX CAP by N3.05 Trillion

Aradel Holdings Plc, an integrated energy company has listed 4.34 billion shares on Nigerian Exchange Limited (NGX) Main Board. The shares, listed at N702.69 per share...

Capital Market1 month ago

Investors Resume Trading in Lasaco Assurance Shares

Trading in the shares of Lasaco Assurance Plc on the floor of the Nigerian Exchange (NGX) Limited has resumed after three months. The exchange has earlier...

Capital Market3 months ago

Stocks Sustain Uptrend with N271BN Profit

The Nigerian equities market sustained rally to close in the green yesterday as price increases in TotalEnergies Marketing Nigeria Plc and 48 others lifted the overall...

Bulls Retake NGX in N481BN Profit Comeback

Capital Market3 months ago

Bulls Retake NGX in N481BN Profit Comeback

The Nigerian stock market returned to profitability last week with investors raking in N481 billion net profit in five days as the bears were forced to...

Capital Market4 months ago

NGX Launches Impact Board for Sustainable Instruments

Nigerian Exchange Limited (NGX) has unveiled its Impact Board, a dedicated platform for listing sustainability instruments, following approval from the Securities and Exchange Commission (SEC). This...

Capital Market4 months ago

Chiemeka’s Appointment as NGX CEO will Deepen Market Growth – Professional Group

The appointment of Jude Chiemeka as the Chief Executive Officer (CEO) of the Nigerian Exchange Limited (NGX) has continued to generate widespread acclaim from industry professionals,...

Capital Market5 months ago

Investors Lose N103BN in Three Days as NGX Revers Gains

The cumulative result of equities trading on the floor of the Nigerian Exchange Limited (NGX) last week was negative for investors who recorded a net loss...