The Nigerian Exchange Limited has recorded total transactions of N3.48tn year-to-date as of August 31. This was revealed in the NGX domestic and foreign portfolio investment report for August released on Wednesday.
According to the report, domestic investors dominated the market, accounting for 81.14 per cent of total transactions, while foreign investors accounted for 18.86 per cent. It stated that the total value of domestic transactions stood at N2.82tn, while foreign transactions amounted to N655.47bn.
In August, the local bourse witnessed a 22.80 per cent decline in total transactions, dropping from N491.61bn in July 2024 to N379.52bn. Despite the drop, a year-on-year comparison shows a 44.55 per cent increase in total transactions compared to N262.56bn recorded in August 2023.
Further analysis shows that domestic transactions for August totalled N322.05bn, which is a 25.81 per cent decrease from N434.09bn recorded in July. Foreign transactions saw a marginal drop of 0.09 per cent from N57.52bn in July to N57.47bn in August.
Retail investors led domestic transactions in August, accounting for N180.72bn, although the figure represents a 33.54 per cent decrease from N271.92bn recorded in July 2024. Institutional investors accounted for N141.33bn in August, a 12.85 per cent decrease from N162.17bn in July.
