In four months to April, stocks worth N2.714trillion were exchanged on the Nigerian Bourse. This is compared with N1.894trillion stock deal recorded in same period of 2024.
In January 2025, Nigeria recorded N607.05billion equities deals, in February it was N509.47billion, March (N1.115trillion), while in April it was N482.04billion worth of stocks transaction on the NGX.
In January 2025, foreigner investors traded N715.1 billion stocks, while domestic investors exchanged stocks worth N535.54billion in January.
In February, it was N426.5billion for foreign investors and N466.82billion for domestic investors. In March 2025, equities deal by foreigners was N699.89billion while local investors stocks deal was N415.62 billion. In April 2025, stocks transactions worth N630.7billion were done by foreigners while the local investors traded only N418.97billion stocks.
“Retail activity may support mid and small-cap stocks temporarily, but institutional follow-through will be limited due to potential participation at the upcoming bond auction,” according to United Capital research analysts in their May 26 note. They believe that this week investors may portray selective interest in defensive, rotating into consumer staples, telcos, and banks with solid outlooks.
“Overall, the outlook for the week is neutral to mildly bullish, with macroeconomic stability and corporate performance remaining key drivers,” United Capital analysts added.
In the review four months period, local investors accounted for N1.83trillion or 67.68 percent of the total value of stocks traded on the NGX in the review four months to April.
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In four months, foreigners took N456.80billion from stock market while they brought in N420.32billion. In same period in 2024, these foreign investors inflowed N135.95billion into stocks and moved N198.06billion from the market.
Domestic retail investors accounted for N860.29billion while domestic institutional investors transaction in equities was N976.66billion. According to recently released data on domestic and foreign portfolio participation in equity trading, foreign investors equities deals was N877.12 billion or 32.32 percent.
The transaction in April when compared to the performance in April 2024 (N346.23 billion) revealed that total transactions increased by 39.22 percent. In April 2025, the total value of transactions executed by Domestic Investors outperformed transactions executed by Foreign Investors by circa 74percent.
A further look at the total transactions between April and prior month (March 2025) shows that total domestic transactions increased by 0.81 percent from N415.62 billion in March 2025 to N418.97 billion in April 2025.
Total foreign transactions decreased significantly by 90.99 percent from N699.89 billion (about $455.41 million) to N63.07 billion (about $39.50 million) between March 2025 and April 2025. The sharp decline was primarily linked to the absence of the block trades that had substantially boosted foreign transaction figures in March 2025.
Lately, the market has seen a mixed of bargains and sell pressure particularly in oil and gas and banking stocks. Ahead of the week which opened positively, Furtureview analysts anticipated a mixed performance in the equities market, “with a modest bullish bias supported by anticipated buying activity”.
“Investor positioning is likely to be influenced by the upcoming FGN Bond auction, while demand for undervalued stocks is expected to provide additional market support,” they said.
