The Nigerian Exchange Limited (NGX) says it recorded foreign transactions worth N540.48 billion in six months (January to June 2024).
This was disclosed in a report titled ‘Domestic & Foreign Portfolio Investment’ on Wednesday.
It also said foreign transactions increased compared to N145.08 billion reported in the first half (H1) of 2023.
The report, however, showed that foreign investors liquidated more portfolio investments in the capital market than they purchased within the six months in review.
According to NGX, of the total foreign transactions, N311.41 billion worth of portfolio investments were liquidated in H1 of this year, compared to a foreign outflow of N73.06 billion recorded in the corresponding period in 2023.
It stated that foreign investment inflow accounted for N229.07 billion in H1 2024, against N72.02 billion reported in the same period last year.
On the total number of transactions within the period, the NGX said the total of transactions was N2.06 trillion from domestic investors in H1 2024, bringing the total worth of domestic and foreign transactions in H1 2024 to N2.60 trillion as of June 31.
The report further showed that domestic investors accounted for 79.25 per cent of 2024 H1 transactions compared to 90 per cent reported in the corresponding period last year.
The NGX also said foreign transactions accounted for 20.75 per cent of the total transactions in H1 2024, compared to 10 per cent in H1 2023.
