Domestic, Foreign Portfolio Investments Rose By N209 Billion In Q1 2020- NSE
The Nigerian Stock Exchange said that Domestic and Foreign Portfolio Investment(FPI) trading figures for the first quarter of 2020 rose by N209billion, from N420 billion in the first quarter of 2019, to N629 billion.
Domestic and Foreign Portfolio Investment Report measures trading figures from market operators in their Domestic and Foreign Portfolio Investment (FPI) flows. The transactions are however executed by both local and foreign investors, while the bourse further categorised domestic investors into “Retail and Institutional investors.”
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The NSE said in the “Domestic and Foreign Portfolio Investment Report,” released on Monday, that the figure represented 49% growth in domestic and foreign investment portfolio transactions as against Q1 2019.
According to the report, as of March 31, 2020, total transactions at the nation’s bourse surged by 63.58% from N148.50 billion recorded in February 2020 to N242.91billion in March 2020.
On a monthly basis, both domestic and foreign portfolio investments stood at N235.46 billion, N148.5 billion and N242.91 billion in January, February and March respectively.
Domestic investors outperformed transactions executed by Foreign Investors by 10%, with domestic investments constituting 59.82% at N374.98 billion, while foreign portfolios constituted 40.18% at N252 billion.
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Meanwhile, domestic transactions contracted by 53.2% from N165.14 billion in January to N77.16 billion in February, while it grew by 71% between February and March, from N77.16 billion to N132.69 billion respectively.
Foreign investment transactions rose by 1.46% from N70.31 billion in January to N71.34 billion in February, while it further grew by 54.50% from N71.34 billion to N110.22 billion between February and March 2020.
The data further revealed that retail domestic investors outperformed domestic institutional investors by 10% after they made transactions worth N171.45 billion and N203.53 billion respectively in the three month period.
