A total of N99.94bn was pulled out by foreign investors from the Nigerian stock market in the first four months of this year as foreign involvement plunged to a four-year low in April.
The foreign portfolio investors injected N 78.31bn into the market from January to April this year, according to data from the Nigerian Exchange Limited.
Foreign portfolio investment outflow includes sales transactions or liquidation of portfolio investments through the stock market, while the FPI inflow includes purchase transactions on the NSE (equities only), according to the bourse.
The NGX, in its latest domestic and foreign portfolio report, said foreign outflow fell to N9.82bn in April from N20.28bn in March. Foreign investors withdrew N39.05bn in February, up from N30.79bn in January, according to the bourse.
Total transactions at the bourse decreased by 30.01 per cent from N228.49bn (about $560.55m) in March 2021 to N159.93bn (about $389.84m) in April 2021.
The total value of transactions executed by domestic investors in April outperformed transactions executed by foreign investors by about 64 per cent. A further analysis revealed that total domestic transactions decreased by 29.78 per cent from N187.85bn in March to N131.91bn in April. [ThisDay]
