The Nigerian Exchange Limited says total transactions on the stock market decreased from N538.54 billion in March to N346.23 billion in April.On a monthly basis, the exchange said it polls trading figures from market operators on their domestic and foreign portfolio investment flows.“As at 30 April 2024, total transactions at the nation’s bourse decreased by 35.71% from N538.54billion in March 5 2024 to N346.23billion in April 6 2024,” NGX said.
NGX said the overall value of transactions executed by domestic investors outperformed transactions executed by foreign investors by about 30 percent during the review period.“A further analysis of the total transactions executed between the current and prior month revealed that total domestic transactions decreased by 49.27% from N444.28billion in March to N225.40billion in April 2024,” NGX said.
On the other hand, the bourse said foreign transactions also decreased by 33.28 percent — from N616 billion to N411 billion over the same period.