Tuesday, April 13, 2021

Foreign investors dump N30.79bn Nigerian stocks in one month



The Nigerian Stock Exchange’s latest data has shown that foreign portfolio investors sold Nigerian stocks valued at N30.79bn in the first month of this year.

The NSE data also showed that the foreign inflows into the stock market stood at N16.73bn in January.

The NSE, in its latest domestic and foreign portfolio investment report said total transactions at the nation’s bourse decreased by 13.66 per cent from N269.24bn (about $687.06m) in December 2020 to N232.46bn (about $590.82m) in January 2021.

It said in January, the total value of transactions executed by domestic investors outperformed transactions executed by foreign investors by about 60 per cent.