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Olugbemi. Adeyinka Ogunleye
6 days ago
Overview
Portfolio Investment In Equities Surge To N5.59trn
The total portfolio investments from both domestic and foreign investors on the Nigerian Exchange Limited (NGX) hit N5.587 trillion for the year 2024. This was revealed in the latest Domestic and Foreign Portfolio Investment report for December 2024. Monthly, NGX polls trading figures from market operators on their Domestic and
The Exchange experienced a significant surge in equity transactions by domestic and foreign portfolio investors in 2024, a 56.2 per cent year-on-year increase reaching N5.59 trillion from N3.58 trillion a year ago. Domestic investors remained the dominant force in the market, accounting for 84.75 per cent (N4.73 trillion), while foreign investors contributed 15.25 per cent (N852.03 billion).
This marked an improvement in foreign participation compared to 2023 when foreign transactions stood at just 11.48 per cent of total market activity. The year 2024 began on a strong note in January, with total transactions amounting to N651.52 billion. Domestic investors accounted for 91.85 per cent (N598.41 billion), while foreign investors contributed 8.15 per cent (N53.11 billion).
More: https://leadership.ng/portfolio-investment-in-equities-surge-to-n5-59trn/
