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The report shows that domestic transactions accounted for 80.68 per cent of the total market activity, while foreign transactions contributed just 19.32 per cent.

Although foreign participation slightly increased from the 8.62 per cent recorded in the previous year, local investors continue to lead the market. The cumulative N2.5tn recorded in domestic transactions this year represents a growth of about 27 per cent compared to N1.968tn during the same period last year.

A closer look at the monthly figures reveals variations in transaction volumes throughout the year. In January domestic transactions stood at N598.41bn, accounting for 91.85 per cent of the total market activity. February saw a dip, with domestic transactions falling to N292.07bn, making up 81.61 per cent.

Also, March recorded a recovery, as domestic transactions reached N444.28bn, representing 82.50 per cent of total transactions. In April, domestic transactions dropped to N225.40bn or 65.10 per cent of total market activity.

In the period under review, May’s domestic transactions slightly increased to N231.10bn, contributing 65.03 per cent. June recorded N272.36bn in domestic transactions, making up 76.82 per cent of market activity while July witnessed a surge, with domestic transactions rising to N434.09bn, a 59.38 per cent increase from the previous month.

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