The Nigerian Exchange recorded a 12.01% decline in total transactions for November 2024, amounting to N442.34bn compared to N502.73bn in October. This was revealed in the Domestic & Foreign Portfolio Investment Report by Nigerian Exchange Limited on Friday.
Domestic transactions dominated, contributing N401.40bn in November, an 11.83% decrease from N455.27bn in October. Foreign transactions also fell, dropping by 13.74% from N47.46bn to N40.94bn.
Retail investors showed increased activity, with transactions rising by 14.90%, from N170.04bn in October to N195.38bn in November. Conversely, institutional transactions declined sharply by 27.77%, from N285.23bn to N206.02bn, underscoring contrasting engagement levels in the domestic market.
Year-to-date figures (January–November 2024) showed total transactions of N4.913tn, with domestic investors accounting for N4.128tn and foreign investors contributing N785.28bn. This marks significant growth compared to the same period in 2023, which recorded N3.234tn in total transactions, split between N2.871tn from domestic investors and N362.75bn from foreign investors.
Despite the monthly drop, November 2024 transactions rose by 47.12% compared to November 2023’s N300.67bn. Domestic investors dominated, outpacing foreign investors by 82%.
Over a 17-year span, domestic transactions declined by 10.94%, from N3.556tn in 2007 to N3.167tn in 2023, while foreign transactions dropped by 33.28%, from N616bn to N411bn.
The report also noted that year-to-date domestic transactions reached N3.73tn in October, accounting for 83.35% of total market activity.
