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Odd! Polls inspired more foreign investments than local

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While domestic investors were busy holding back on plowing their resources into the Nigerian economy as a result of the elections, foreign investments went up during the period.

Fear and uncertainty over the polls, coupled with security worries have contributed to a substantial decline in domestic investments in the Nigerian Stock Exchange (NSE).

Latest investment reports from the NSE showed that local investments dropped by N40.1bn, or 44 per cent at the end of February 2015, from N90.61bn where it stood as at January.

On the other hand, statistics showed that foreign investments rose in the period under review, as a total of N133.95bn was invested by foreigners in February 2015.

This represented an increase by N34.84bn or 35 per cent compared to N99.11bn invested at the end of January.

The NSE document said, “Domestic investors conceded about 45.22 per cent of trading to foreign investors as domestic transactions decreased from 47.76 per cent to 27.39 per cent while FPI transactions increased from 52.24 per cent to 72.61 per cent over the same period.

“The report highlights the domestic composition of transactions on the Exchange between January and February, 2015. It illustrates that total domestic transactions decreased by 44.22 per cent from January to February 2015.

“The institutional composition of the domestic market which was about 33.69 per cent at the end of January increased to 53.32 per cent at the end of February, whilst the retail composition decreased from 66.31 per cent to 46.68 per cent in the same period.”

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0 Comments

  1. Don Lucassi

    March 30, 2015 at 7:28 am

    People dont have money in the country…its simple.

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