Foreign investment inflows drop by N38bn, investors withdraw N16bn - Punch Newspapers

The Nigerian Exchange Limited, formerly Nigerian Stock Exchange, revealed in its latest report that year-to-date inflows from foreign portfolio investors into the equity market dropped by N37.85bn, just as outflows in August surpassed inflows by N15.93bn.

Further analysis of the numbers showed that YTD, foreign inflows hit N123.46bn, 23.46 per cent lower than N161.31bn pumped into the local bourse by foreign investors in the corresponding period of 2020. On a monthly basis, the NGX polls trading figures from capital market operators and their domestic and foreign portfolio investment flows.

The total transactions executed between August and July revealed that total domestic transactions decreased by 13.71 per cent from N74.24bn in July to N64.06bn in August.

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