The Nigerian Stock Exchange has released its Foreign Portfolio Investment report for the month of January 2016. According to the report, Foreign Portfolio Inflows (FPI) dropped by about 65% from a year ago to N17 billion (January 2015: N48 billion). Foreign Portfolio outflows however dropped to about N26 billion compared to N50 billion a year ago.
The drop in outflows is not a surprise as foreign investors have for the last year been pulling funds out of the stock market.
Here are key highlights of the report
- Total transactions at the nation’s bourse decreased by 23.93% from N110.56 billion recorded in December 2015 to N84.1 billion (about $0.43 billion) in January 2016.
- In comparison to the same period in 2015, total transactions decreased by 55.67% from the N189.72 recorded in January 2015.
- Domestic investors conceded about 3.14% of trading to foreign investors as Domestic transactions decreased from 53.55% in December 2015 to 48.43% in January 2016 while FPI transactions increased from 46.45% to 51.57% over the same period.
- Monthly foreign outflows outpaced inflows which was consistent with the same period in 2015. However, there was a 23.17% decrease in foreign outflows from N34.31 billion in December 2015 to N26.36 billion in 2016.
- Also, foreign inflows decreased by 0.18% from N17.04 billion in December 2015 to N17.01 billion in January 2016.
Get the report here
The post above and its ensuing comments, if any, is purely the opinion of the writer(s). It therefore should never be considered as an investment advise of any sort. If required, readers should please consult a competent professional financial adviser for any investment decision.