The exchange polls trading figures from major custodians and market operators on their foreign portfolio investments showed that there was massive drop in January 2015 and January 2015 value.
According to the poll, foreign portfolio investments’ value for January 2015 stood at N99.11 billion, a decline of N55.74 billion, representing 56.24 per cent when compared with N43.37 billion of January 2016.
Although, there is huge drop in total transactions comprising foreign and domestic investors in January 2015 and January 2016, the figure indicates that N189.72 billion were transacted by the investors in January 2015 down to N84.10 billion in January 2016.
Total transactions at the nation’s bourse slid by N26.46 billion from N110.56 billion recorded in December 2015 to N84.10 billion in January 2016.
In comparison to the same period in 2015, total transactions decreased by 55.67 per cent from the N189.72 recorded in January 2015.
Domestic investors conceded about 3.14 per cent of trading to foreign investors as domestic transactions decreased from 53.55 per cent in December 2015 to 48.43 per cent in January 2016 while foreign portfolio investments transactions increased from 46.45 per cent to 51.57 per cent over the same period.