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NSE releases total transaction figures for November 2016: Business : Nigerialog.com - Nigeria's Premier Online Forum (391 views)

NSE releases total transaction figures for November 2016

By alagbe003 (M)January 09, 2017, 05:54:28 AM
The Nigerian Stock Exchange (NSE) recently released its monthly report on Domestic and Foreign Portfolio Participation in Equity Trading for the month of November 2016, showing a significant decrease of 41.20 per cent in total transactions at the bourse.


 
This is even as total transactions at the nation’s bourse slightly increased by 0.56 per cent from N64.03 billion recorded in October 2016 to N64.39 billion (about $0.21 billion) in November 2016.


 
The report noted that transactions from January to November 2016 decreased from N1, 795.07 billion recorded within the same period in 2015 to N1, 055.50 billion in 2016.


 
FPI transactions have been on a downward trend from August 2016. In November 2016, domestic investors outperformed their foreign counterparts by about 9.46 per cent,” the NSE said.

Domestic transactions increased by 7.47 per cent from N32.79 billion in October 2016 to N35.24 billion in November 2016. FPI transactions decreased by 7.17 per cent from N31.24 billion in October 2016 to N29.15 billion in November 2016.

Monthly foreign outflows outpaced inflows as foreign inflows decreased by 22.17 percent from N18.67 billion in October to N14.53 billion in November 2016. Foreign outflows increased by 16.31 percent from N12.57 billion to N14.62 billion within the same period.

On a monthly basis, the Nigerian Stock Exchange polls trading figures from major custodians and market operators on their foreign portfolio investments (FPI).

http://tribuneonlineng.com/nse-releases-total-transaction-figures-november-2016/


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