According to data from the nation’s local bourse, retail transactions in the Nigerian Exchange rose by 10. 69% to N26.62 billion in November. The retail transactions increased from N24. 05 billion in October 2022 to N26.62 billion in one month.
As of November 30, 2022, the total volume of transactions on the NGX was N104.38 billion, down 5.19 percent from October’s N110.09 billion. Retail investors came in second with N26. 62 billion, but institutional investors outperformed them with N63.33 billion, according to market analysts who thought the increase was a good sign for Nigerian stocks given the current economic climate.
Ayotunde Alabi, a capital market analyst, claimed in an interview with The PUNCH that more Nigerians are learning how to invest wisely every day.
He explained the market’s recent decline to the capping of stocks and investors’ drive to make quick returns. He referred to the recent crash in FTX as a major reason for the surge.