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Foreign investments rise by 59.8 Percent in one year
  • Post by Admin on sunday, March 05, 2015

Foreign portfolio investment transactions in the country's stock market rose by 59.81 per cent by the first half of this year compared to the corresponding period of last year. The FPI transactions were increased from N269.22 billion to N430.23 billion in the 12-month period, market data of the Nigerian Stock Exchange on Wednesday showed.

Similarly for the period under review, the total domestic transactions increased by 42.19 per cent from N355.19 billion to N505.03 billion. Thus, total transactions at the nation's bourse increased by 7.13 per cent from N205.61 billion recorded in May to N220.27 billion (about $0.72 billion) in June this year.

Also, total transactions for the first half of the year increased by 49.78 per cent from N624.41 billion recorded in the same period of 2016 to N935.26 billion.

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