Transactions at NSE decline 22% in April

Total transactions at the Nigerian Stock Exchange (NSE) decreased by 22.11 percent from N272.48 billion recorded in March 2018 to N212.23 billion (about $0.70 billion) in April 2018.

The reduction in transactions was fuelled majorly by the domestic investors as, total domestic transactions reduced by 36.05 percent from N140.27 billion in March to N89.70 billion in April 2018.

Although foreign transactions also reduced, foreign investors outperformed domestic investors by 15.48 percent in April 2018. The reduction in foreign transactions was by 7.32 percent from N132.21 billion to N122.53 billion within the same period.

There was a 7.79 percent decrease in foreign inflows from N69.71 billion in March 2018 to N64.28 billion in April 2018. Foreign outflows also reduced by 6.8 percent from N62.50 billion to N58.25 billion within the same period.

The monthly NSE domestic and FPI report for April however, revealed that cumulative transactions from January to April increased by 114.22 percent from N509.38 billion recorded in 2017 to N1.091 trillion in 2018.

The institutional composition of the domestic market reduced by 49.04 percent from N91.27 billion in March to N46.51 billion in April 2018. The retail composition also decreased by 11.86 percent from N49 billion to N43.19 billion within the same period, still signalling a higher participation of institutional investors over their retail counterparts.