The 78.4 per cent leap in the size of trade conducted on Nigerian stocks last week and the considerable rise in the value of those deals affirm faith the market continues to win itself from investors.
Equity trading at the Nigerian Exchange for August was almost a half higher in value than a year ago, according to the bourse’s Domestic & Foreign Portfolio Investment Report.
That said, international investors accounted for only 15.1 per cent of that.
It is the third weakest monthly inflow from such investors this year, suggesting that Nigerian stocks are still remotely away from regaining the vibrancy they were noted for among frontier market peers in the pre-pandemic days when foreign participation dominated trade for months.
Subscribe our newsletter to stay updated
Thank you for subscribing!
Subscribe our newsletter to stay updated
Thank you for subscribing!
