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The value of transactions at the Nigerian stock market declined remarkably by about N124.6billion or 63 percent within just three years to February 28, 2017, equities transaction data show.
The total transactions at the nation’s bourse which stood at record highs of N198.7billion as at February 2014, declined to N74.11billion as at February 2017.
The Nigerian Stock Exchange (NSE) trading figures from major custodians and market operators on their Foreign Portfolio Investment (FPI) flows show foreign investors accounted for the record decline in Nigerian equities deal in the review period.
The transaction by foreign investors which was valued at N136.3billion as at February 2014 declined by 74.8percent or N102billion in the review three-year period to N34.54billion as at February 2017.
Though on a milder note, the total value of transactions by domestic investors declined by N22.8billion or 36.5percent to N39.6billion as at February 2017, from N62.4billion recorded in February 2014.
