Foreign portfolio investment hits N430bn in H1, 2017

The latest record release by the Nigerian Stock Exchange has indicated that total Foreign Portfolio Investment (FPI) in the Nigerian bourse, increased by 59.81% from N269.22 billion to N430.23, whilst the total domestic transactions increased by 42.19% from N505.03 billion to N355.19 billion compared to the first half of 2016.

Total transactions at the nation’s bourse increased by 7.13% from N205.61billion recorded in May 2017 to N220.27billion (about $0.72 billion) 4 in June 2017. Also, total transactions for the first half of the year increased by 49.78% from N624.41 billion recorded in 2016 to N935.26 billion in 2017. Domestic investors outperformed foreign investors by 7.82%.

Total domestic transactions increased by 7.53% from N110.42 billion recorded in May 2017 to N118.74 billion in June 2017. Foreign transactions also increased by 6.66% from N95.19 billion to N101.53 billion within the same period. Monthly foreign inflows outpaced outflows. However, foreign inflows decreased by 10.95% from N73.15 billion in May 2017 to N65.93 billion in June 2017 while foreign outflows increased by 38.09% from N22.04 billion in May 2017 to N35.60 billion in June 2017.

Foreign investment inflow into the nation’s Stock market drop by 10.95 per cent from N73.15 billion in May 2017 to N65.93 billion in June 2017 while foreign outflows increased by 38.09 per cent from N22.04 billion in May 2017 to N35.60 billion in June 2017.

Meanwhile, the stocks market surged 3.4 percent on Wednesday to a 32-month high on improving sentiment after several mid-sized listed firms announced increases in half-year earnings, traders said.