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Wednesday, March 22, 2023

What Foreign Investors Bought and Sold in July 2021

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On a monthly basis, Nigerian Exchange Limited (“NGX”) polls trading figures from market operators on their Domestic and Foreign Portfolio Investment (FPI) flows.

As at 31 July 2021, total transactions at the nation’s bourse decreased by 10.92% from N100.77billion (about $244.88million) in June 20215 to N89.77billion (about $218.20million) in July 2021.

The performance in July 2021 when compared to the performance in July 2020 (N103.21billion) revealed that total transactions decreased by 13.02%.

In July 2021, the total value of transactions executed by Domestic Investors outperformed transactions executed by Foreign Investors by circa 66%.

A further analysis of the total transactions executed between July 2021 and prior month (June 2021) revealed that total domestic transactions decreased by 4.02% from N77.35billion in June to N74.24billion in July 2021.

Total foreign transactions also decreased by 33.69% from N23.42billion (about $56.91million) to N15.53billion (about $37.75million) between June 2021 and July 2021.

Retail Investors also outperformed Institutional Investors by 2%.

A comparison of domestic transactions in the current and prior month (June 2021) revealed that retail transactions increased by 4.24% from N36.06billion in June 2021 to N37.59billion in July 2021.

However, the institutional composition of the domestic market decreased by 11.24% from N41.29billion in June 2021 to N36.65billion in July 2021.

Over a fourteen (14) year period, domestic transactions decreased by 59.54% from N3.556 trillion in 2007 to N1.439t in 2020 whilst foreign transactions increased by 18.45% from N616bn to N729bn over the same period.

Total domestic transactions accounted for about 74% of the total transactions carried out in 2020, whilst foreign transactions accounted for about 26% of the total transactions in the same period.

The transaction data for 2021 shows that total foreign transactions are N237.49billion, whilst total domestic transactions are N886.70 billion.

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