Local Investors Inflows On NSE Hit N84.23bn In February

NEW NSE Trading Floor

The total domestic inflows on the floor of the Nigerian Stock Exchange (NSE) grew by N84.23 billion despite the rise in yields in the fixed income environment.

According to the Domestic and FPI report for February 2021, the foreign inflows dropped to N23.2 billion while the total value of transactions traded at the exchange declined by 7.3 per cent month-on-month (m/m) to N215.58 billion in February 2021 as against N232.46billion recorded in January the third consecutive month of decline.

The performance of the current month when compared to the performance in February 2020 (N148.50 billion) revealed that total transactions increased by 45.17 per cent, whereas in February 2021, the total value of transactions executed by domestic investors outperformed transactions executed by foreign investors by 42 per cent.

A further analysis of the total transactions executed between the current and prior month (January 2021) revealed that total domestic transactions decreased by 16.99 per cent from N184.94 billion in January to N153.51 billion in February 2021.

However, total foreign transactions increased by 30.62 per cent from N47.52billion (about $120.78 million) to N62.07 billion (about $151.23 million) between January and February 2021.

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