NGX: Total activity level declines on reduced local and foreign investors’ participation

NGX Domestic & Foreign Investment report for December 2021, The total value traded on the local bourse declined by 19.3% ($363.8million) in December from  ($472.5million) in November.

Institutional investors still largely dominated transactions at the domestic front, trading higher by 5.1% m/m to N85.2billion (US$195.9million) in December.

Despite the marginal increase, total domestic transaction value was down 2.9% m/m to N122.9billion (US$282.6million) as the retail investors significantly reduced participation on the local bourse by 17.1% m/m to N37.7billion (US$86.8million).

On the other hand, foreign investors have been net sellers of Nigerian equities for most of 2021, retaining apathy towards Nigerian risky assets.

– Nairametrics