The total transactions at the Nigerian Stock Exchange (NSE) dropped by 13.66 per cent in January.
The NSE monthly domestic and foreign portfolio investment (FPI) flows shows that total transactions stood at N232.46 billion (about 590.82 million dollars) in January.
This was in contrast with N269.24 billion (about $687.06 million) recorded in December. The performance of January 2021 when compared to the performance in January 2020 (N235.46billion) revealed that total transactions decreased marginally by 1.27 per cent.
In January 2021, the total value of transactions executed by domestic investors outperformed transactions executed by foreign investors by circa 60 per cent.
A further analysis of the total transactions executed between January 2021 and the prior month (December 2020) revealed that total domestic transactions decreased by 7.21 per cent from N199.32 billion in December to N184.94 billion in January 2021.
