Investors have dumped N30.11 billion worth of shares this year, according to inflow and outflow of equities trading on the Nigerian Stock Exchange (NSE).
Only five months into the year, it is one of the most remarkable equities assets sell down by foreign investors, a development stockbrokers blamed on both macro-economic factors in the economy.
Of total foreign transaction of N439.57 billion, outflow stood at N234.84 billion, inflow N204.73billion. This accounted for 57.45 per cent of trades on the bourse year-to-date.
Total domestic transactions stood at N325.52 billion, 42.55 per cent of equities trading.
In April 2015, total foreign inflow was N54.20 billion, outflow N49.75. In March, inflow was N50.15 billion, outflow N52.41 billion.
In February, inflow N52.35 billion, outflow N81.60 billion. In January, inflow was N48.03 billion, outflow N51.08 billion.
Domestic investors conceded about 0.5 per cent of trading to foreign investors as the percentage of foreign transactions decreased from 55.73 per cent to 50.25 per cent. Domestic transactions on the NSE rose 44.27 to 49.75 per cent. Domestic participation increased to N102.91 billion (about $0.52 billion) in April 2015, up 26.33 per cent from March 2015.
Total transactions jumped 12.41 per cent, from N184.02 billion in March to N206.86 billion in April. Foreign portfolio investors’ inflows accounted for 26.20 per cent of total transactions, outflows 24.05 per cent.
Compared with the same period in 2014, total Foreign Portfolio Investments (FPI) transactions decreased 15.47 per cent, total domestic transactions rose 51.94 per cent.
FPI inflows outpaced outflows, which was consistent with the same period in 2014. Overall, there was an 8.47 per cent increase in total transactions.
FPI outflow includes sale transactions or liquidation of portfolio investments through the NSE, FPI inflow includes equities purchase transactions.