Domestic and Foreign Portfolio Participation in Equity Trading - March 2019

Monday, April 29 2019 / 08:20 AM / NSE  

Analysis of Transactions For The Month (March’19)

On a monthly basis, The Nigerian Stock Exchange polls trading figures from market operators on their Foreign Portfolio Investment (FPI) flows.

As at 31 March 2019, total transactions at the nation’s bourse reduced by 41.46% from N188.08 billion (about $613.9 million)5 recorded in February 2019 to N110.10 billion (about $359.3 million) in March 2019.

The performance of the current month when compared to the performance in the same period (March 2018) of the prior year revealed that total transactions reduced by 59.59%.

In March 2019, the total value of transactions executed by foreign investors outperformed those executed by domestic investors by 2.00% as shown in figure 1 below.

A further analysis of the total transactions executed between the current and prior month (February 2019) revealed that total foreign transactions reduced by 43.31% from N98.94 billion in February 2019 to N56.09 billion in March 2019.

Total foreign outflows also reduced by 45.10% from N55.01 billion to N30.20 billion whilst foreign inflows reduced by 41.07% from N43.93 billion to N25.89 billion between February and March 2019.

The data in figure 7 below, highlights the performance of the market over the last decade. Foreign transactions which stood at N1.539t in 2014 declined to N1.219t in 2018. Over the twelve (12) year period, domestic transactions decreased by 66.68% from N3.556t in 2007 to N1.185t in 2018.

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

The actual performance referenced 2019A (2019 Actual) shows that the total foreign transactions carried out year till date (YTD) is about N221.87 billion whilst the total domestic transactions YTD is about N198.39 billion.

Related News

1.        Domestic and Foreign Portfolio Participation in Equity Trading - February 2019

2.       Domestic and Foreign Portfolio Participation in Equity Trading - January 2019

3.       Domestic and Foreign Portfolio Participation in Equity Trading – December 2018

4.       Domestic and Foreign Portfolio Participation in Equity Trading – November 2018

5.        Domestic and Foreign Portfolio Participation in Equity Trading – October 2018

6.       Domestic and Foreign Portfolio Participation in Equity Trading – September 2018

7.        Domestic and Foreign Portfolio Participation in Equity Trading – August 2018

8.       Domestic and Foreign Portfolio Participation in Equity Trading – July 2018

9.       Domestic and Foreign Portfolio Participation in Equity Trading – June 2018

10.   Domestic and Foreign Portfolio Participation in Equity Trading – May 2018