The Nigerian Exchange recorded a decline in total transactions in November 2024, dropping by 12.01 percent to N442.34 billion compared to N502.73 billion in October 2024.
This was disclosed in the Domestic & Foreign Portfolio Investment Report of Nigerian Exchange Limited on Friday.
According to the report, domestic transactions contributed N401.40bn in November, representing an 11.83 percent decrease from the N455.27bn recorded in October. Foreign transactions also fell by 13.74 percent, declining from N47.46bn in October to N40.94bn in November.
Retail investors saw increased participation, with transactions rising by 14.90 percent from N170.04bn in October to N195.38bn in November.
In contrast, institutional transactions experienced a decline, dropping by 27.77 percent from N285.23bn in October to N206.02bn in November. This divergence highlights the varying levels of engagement within the domestic market.
From a year-to-date perspective, total transactions between January and November 2024 amounted to N4.913tn. Domestic investors accounted for most of these transactions at N4.128tn, while foreign investors contributed N785.28bn.
In the same period in 2023, total transactions of N3.234tn were recorded, comprising N2.871tn from domestic investors and N362.75bn from foreign investors.
Despite the monthly decline, November 2024 transactions marked a 47.12 percent increase compared to N300.67bn recorded in November 2023. Domestic investors continued to dominate the market, outperforming foreign investors by approximately 82 percent during the month.
Over a 17-year period, total domestic transactions decreased by 10.94 percent from N3.556tn in 2007 to N3.167tn in 2023.
Similarly, foreign transactions saw a decline of 33.28 percent, falling from N616bn to N411bn during the same period.
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