Stock market transactions record lowest
The lull that has been tearing the Nigerian stock market for almost a year is taking another dimension when the total transactions on the Nigerian bourse during the month of September recorded the lowest figure of amount.
According to the Nigerian Stock Exchange (NSE) polls trading figures from major custodians and market operators on their Foreign Portfolio Investments (FPI) released over the weekend shows that the total transactions of N129.9 billion recorded in September is the lowest in the year.
The figure shows enormous discrepancy when compared to N522.74 billion total transactions recorded during the same period of 2014.
Also, the total foreign transactions at the nation’s bourse decreased to N69.33 billion in September 2015 from N81.13 billion at the end of August 2015; representing a decrease of 14.54 per cent. While the total domestics transactions also decreased to N60.59 billion in September from N64.56 billion it made in August, translating to a decrease of 6.15 per cent.
Domestic investors conceded about 6.72 per cent of trading to foreign investors compared to the 11.38 per cent they conceded in the previous month as domestic transactions increased from 44.31 per cent to 46.64 per cent while FPI transactions decreased from 55.69 per cent to 53.36 per cent over the same period.
Foreign portfolio investors’ inflows accounted for 22.52 per cent of total transactions while the outflows accounted for 30.84 per cent of the total transactions in September 2015.
AERO
AZMAN AIR