Domestic trading volume on the Nigerian Exchange Limited has decreased from N3.556 trillion in 2007 to N1.945 trillion in 2022, a decline of 45.30 percent. This information was provided in a report published by the NGX that covered trading activity on the local bourse in April.
In the 16 years under examination, the largest amount of foreign transactions was N1538 trillion in 2014, and N1219 trillion in 2018. Since 2018, there has been a steady decline in foreign transactions on the NGX, from N943 billion in 2019 to N729 billion in 2020 to N435 billion in 2021 to N379 billion by the end of 2022.
According to the transaction data for 2023, there were around N659.26 billion in total domestic transactions and N62.18 billion in total foreign transactions. Further analysis of the total transactions executed between the current and prior month (March 2023) revealed that total domestic transactions increased by 33.35 per cent from N137.03bn in March to N182.74bn in April 2023. In April, Institutional Investors outperformed Retail Investors by 18 per cent.
A comparison of domestic transactions in the current and prior month (March 2023) revealed that retail transactions increased by 40.43 per cent from N52.83bn in March to N74.19bn and the institutional composition of the domestic market increased significantly by 28.92 per cent from N84.20bn in March 2023 to N108.55bn in April 2023. Speaking on the floor of the NGX, its Chief Executive Officer, Temi Popoola, expressed concern about the inflow of funds into the capital market.
Punch.