The Nigerian Stock Exchange (NSE) has disclosed that Nigeria’s Foreign Portfolio Investment increased by 48.52% in March to ₦132.21 billion; against the ₦83.22 billion recorded in February. This information is contained in a report detailing all transactions in Nigeria’s exchange market during the past month ended March 31st, as published on the NSE website.
According to the report, domestic investment also improved by an impressive 51.48% with a total of ₦140.27 billion recorded, against February’s ₦128.83 billion. This, therefore, shows that domestic investors performed better than their foreign counterparts by a 2.96% margin.
Meanwhile, the total transaction at Nigeria’s bourse in March stood at ₦272.48 billion, a 28.50% increase from the ₦212.05 billion recorded in the preceding month. Cumulative transactions since January this year has also increased by 48.29%; from ₦454.48 billion recorded in 2017, to ₦878.97 billion in 2018.
The cumulative transactions from January to March increased by
48.29% from N454.48 billion recorded in 2017 to N878.97 billion in 2018.
Domestic investors outperformed foreign investors by 2.96% in March 2018.
Why the increase in FPI?
Enhanced foreign exchange liquidity is the main factor behind the increase in foreign portfolio investment. These foreign investors are now a lot more confident about the ease of entry and exit of their holdings, due to the introduction of the Investors and Exporters (I and E) window.
Read more: Nairametrics