NGX: Foreign, domestic transactions in equity market dropped to N379bn in August

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The Nigerian Exchange Limited (NGX) says the total transactions in the equity market dropped to N379.52 billion in August.

NGX said the figure represents a decline of N112.09 billion compared to the N491.61 billion reported in July.domestic transactions accounted for N322.05 billion and foreign transactions recorded N57.47 billion.

“In August 2024, the total value of transactions executed by Domestic Investors outperformed transactions executed by foreign investors by circa 70%.” “Similarly, total foreign transactions decreased marginally by 0.09% from N57.52 billion to N57.47 billion between July 2024 and August 2024,” the bourse said.

Giving an analysis of the domestic transactions, NGX said retail investors outperformed institutional investors by 12 percent in the period under review, as the former accounted for 56 percent of the total domestic transactions, while the latter accounted for 44 percent.

 

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