DOMESTIC INVESTORS MAINTAIN NGX DOMINANCE

Domestic investors continued to dominate trading activities on the Nigerian Exchange Limited in April, accounting for 87 per cent of total transactions, according to the latest Domestic & Foreign Portfolio Investment report released by the NGX.
The report showed that out of a total transaction value of N482.86bn for the month, domestic investors accounted for N419.57bn, while foreign investors contributed N63.29bn, representing just 13 per cent of the total market turnover.
A closer look at the domestic market revealed that institutional investors traded N267.63bn, surpassing retail investors who recorded N151.94bn in trades.
On the foreign side, the report showed that inflows amounted to N26.58bn, while outflows were slightly higher at N36.71bn, indicating a negative net foreign position for the period.
Foreign portfolio transactions dropped significantly by 91.41 per cent from N737.40bn in March to N63.29bn in April.