NSE Grows Transactions by 49.78% to N935b in Six Months

By Modupe Gbadeyanka

Data released by the Nigerian Stock Exchange (NSE) has revealed that the nation’s bourse recorded N935.3 billion in total transactions in the first half of the year 2017.

In the report analysed by Business Post, the stock market regulator noted that this feat is in contrast to N624.41 billion recorded in 2016, showing that transactions increased by 49.78 percent in the period under review.

It further noted that total transactions, also at the local bourse, increased by 7.13 percent from N205.61billion recorded in May 2017 to N220.27billion (about $0.72 billion) in June 2017.

In the report, the NSE said domestic investors outperformed foreign investors by 7.82 percent with the total domestic transactions increasing by 7.53 percent from N110.42 billion recorded in May 2017 to N118.74 billion in June 2017.

Furthermore, foreign transactions also increased by 6.66 percent from N95.19 billion to N101.53 billion within the same period.

Monthly foreign inflows outpaced outflows, the reports said, pointing out that foreign inflows decreased by 10.95 percent from N73.15 billion in May 2017 to N65.93 billion in June 2017 while foreign outflows increased by 38.09 percent from N22.04 billion in May 2017 to N35.60 billion in June 2017.

In comparison to the first half of 2016, total FPI transactions increased by 59.81 percent from N269.22 billion to N430.23, whilst the total domestic transactions increased by 42.19 percent from N505.03 billion to N355.19 billion.