Business

Nigeria records N2.32trn equities transactions

Published

1 year ago

February 14, 2023

Nigeria’s equities market traded stocks worth N2.324 trillion last year.

The figure was N425 billion or 22.4 percent higher than N1.899 trillion worth of equities traded in the capital market in 2021.

A breakdown of data obtained by Ripples Nigeria from the Nigerian Exchange Group (NGX) website on Wednesday shows that domestic investors accounted for N1.945 trillion or 83.68 percent of the equities traded during the period.

While retail investors traded equities worth N642.73 billion in 2022, their institutional counterparts traded stocks worth N1.302 trillion during the period.

Foreign investors traded stocks worth N379.23 billion or 16.32 percent of the total figure in 2022.

According to NGX, N195.76 billion out of the figure was foreign inflow while N183.47 billion was undertaken outside the country.

On a month-by-month basis, the highest volume of transactions took place in May with N607.45 billion followed by January (N323.38 billion), and April (N205.88 billion).

In February 2022 investors traded stocks worth N183.56 billion while they splashed N185.26 billion and N156.52 on stocks in March and June respectively.

The figures for the rest of the year are July (N101.18 billion), August (N123.97billion), September (N81.90billion), October (N110.09billion), November (N104.38billion), and December (N140.70billion).

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