The Nigerian Exchange Limited recorded an increase in trading activity in 2024, with total transactions rising to a remarkable N5.59 trillion.
Data from the NGX showed that in its domestic and foreign portfolio participation in the equity trading summary of transactions as of December 31, 2024, domestic transactions dominated trade, accounting for a substantial 85 per cent of the total volume, amounting to N4.73 trillion
Foreign portfolio transactions made up the remaining 15 per cent, totalling N852.03 billion. In December 2024, NGX experienced a surge in trading, with total transactions reaching N673.66 billion, a 52.29 per cent increase from the previous month’s N442.34 billion.
This performance was also 95.88 per cent higher than the N343.92 billion recorded in December 2023.
Also, domestic investors continued to dominate the market, contributing N606.91 billion, which represents 90.09 per cent of total transactions for the month, while foreign investors contributed N66.75 billion, or 9.91 per cent.
A break down of domestic activity in December shows that institutional investors outperformed retail investors, with institutional transactions totalling N406.04 billion, a 97.09 per cent increase from N206.02 billion in November 2024.
Retail investors, on the other hand, saw a modest increase of 2.81 per cent, rising from N195.38 billion in November 2024 to N200.87 billion in December 2024.
Over the past eighteen years, domestic transactions have grown by 33.15 per cent from N3.56tn in 2007 to N4.73tn in 2024. Foreign transactions, while growing by 38.31 per cent from N616 bn to N852bn, remain a smaller fraction of the total market activity.
