Stock market: Foreign investors withdrew in Q3



Foreign portfolio investors withdrew a total of N94 .43 bn from the nation ’s stock market from July to September this year .


The Nigerian Stock Exchange , in its domestic and foreign portfolio investment report for September , said the amount withdrawn by foreign investors in the third quarter was 23 . 59 per cent lower than the N 123 .59 bn pulled out in the previous quarter .

The report , however , showed that foreign outflow increased by 27 .60 per cent from N 34 . 31 in August to N 43 .78 bn in September .

It said total foreign transactions rose by 18 .82 per cent month -on - month in September , while domestic transactions fell by 27 .03 per cent.

According to the report , total transactions at the nation ’ s bourse reduced by 2 .79 per cent from N 133 .84 bn in August to N130 . 20 bn in September .

The NSE said the cumulative transactions from January to September 2018 increased by 21 .23 per cent to N 2.007 tn from N1 .655 tn in the same period last year .

It said , “Foreign investors outperformed domestic investors by 29 . 54 per cent in September 2018. Total foreign transactions increased by 18 .82 per cent from N70 .97 bn in August to N84 .33 bn in September 2018 .

“Foreign outflows increased by 27 .60 per cent from N 34 .31 bn to N 43 . 78 bn , while foreign inflows increased by 10 . 58 per cent from N 36

66 bn to N 40 .54 bn over the same period. ”
According to the report , the institutional composition of the domestic market increased by 14 .33 per cent from N22 .67 bn in August to N 25 .93 bn in September 2018 , while the retail composition reduced by 50 . 38 per cent from N 40 .19 bn to N 19 .94 bn within the same period.

It said the results were an indication of a higher participation by the institutional investors over their retail counterparts in September 
Stock market: Foreign investors withdrew in Q3 Stock market: Foreign investors withdrew    in Q3 Reviewed by SISI JOKE on November 06, 2018 Rating: 5

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