Total transactions at the Nigerian Stock Exchange decreased by 15.28 percent, to N269.24billion in December 2020, from N317.81billion in the previous month.
On a monthly basis, the Nigerian Stock Exchange polls trading figures from market operators on their Domestic and Foreign Portfolio Investment (FPI) flows.
The performance of the current month when compared to the performance in December 2019 (N127.94billion) revealed that total transactions increased by 110.44percent.
In December 2020, the total value of transactions executed by Domestic Investors outperformed transactions executed by Foreign Investors by approximately 48 percent.
A further analysis of the total transactions executed between the current and prior month (November 2020) also revealed that total domestic transactions decreased by 20.43percent from N250.50billion in November to N199.32billion in the review period of 2020.
However, total foreign transactions increased by 3.88percent from N67.31billion (about $172.38million) to N69.92billion (about $178.44million) between November and December 2020.
The Institutional Investors outperformed Retail Investors by 38 percent. A comparison of domestic transactions in the current and prior month (November 2020) revealed that retail transactions decreased by 42.45percent from N106.38billion in November 2020 to N61.22billion in December 2020.
Consequently, the institutional composition of the domestic market also decreased by 4.18percent from N144.12billion in November 2020 to N138.09billion in December 2020.
Total domestic transactions accounted for about 74percent of the total transactions carried out in 2020, whilst foreign transactions accounted for about 26percent of the total transactions in the same period.