The total value of transactions on the Nigerian Exchange have risen to N2.35 trillion at the end of May.
This was disclosed in the domestic and foreign portfolio participation in equity trading report released by the Nigerian Exchange Limited.
The amount indicates a 115.40 per cent increase compared to the first five months of 2023.
Details of the report showed that domestic investors maintained their dominance in the market as they transacted about N1.79 trillion (79.63 per cent) in the five months compared to N458.29 billion (20.37 per cent) for foreign investors.
It further showed that domestic institutional investors had the upper hand at N906 billion compared to N885.19 billion for domestic retail investors.
NGX said month on month, total transactions rose from N346.23 billion in April to N355.38 billion in May, showing an increase of 2.64 per cent.
Participation by domestic investors increased by 2.53 per cent from N225.40 billion in April 2024 to N231.10 billion in May 2024.
The report also showed that institutional investors outperformed retail Investors by two per cent at N117.57 billion to N113.53 billion between April and May, while total foreign transactions increased by 2.86 per cent from N120.83 billion to N124.28 billion within the same period.
