By Cynthia Ezekwe
The Nigerian Exchange Limited (NGX),has disclosed that domestic transactions decreased by 45.30 per cent to N1.945 trillion in 2022, down from N3.556 trillion in 2007.
The NGX’s Domestic and foreign portfolio investment report showed that foreign transactions also decreased by 38.47 per cent from N616 billion to N379 billion over the same period.
The investment platform report also noted that the declines were caused by low sentiments on the part of both local and foreign investors, arising from market meltdown in 2008.
The report pointed out that the total domestic transactions in 2022 accounted for about 84 per cent of the total transactions carried last year, while the foreign transactions accounted for just 16 per cent of the total transactions in the same period.
The transaction data for 2022 also showed that the total domestic transactions was N1.945 trillion, while the total foreign transactions stood at N379.23 billion.
The report noted that as at 31 December 2022, total transactions at the nation’s bourse increased by 34.80 per cent from N104.38 billion which is an estimate of $234.88 million in November 2022 to N140.70 billion, an estimate of $305.15 million in December 6 2022.
Meanwhile, total transactions for December 2022 stood at N158.26 billion, 11.10 per cent lower when compared to the performance in the corresponding month of December 2021.
The report showed that in December 2022, the total value of transactions executed by domestic investors outperformed transactions executed by foreign investors by circa 78 per cent.
A further analysis of transactions disclosed that total domestic transactions increased significantly by 39.51per cent from N89.95 billion in November to N125.49 billion in December 2022.
However, total foreign transactions surged 41 per cent from N14.43 billion to N15.21 billion between November 2022 and December 2022.
