The Nigerian Exchange (NGX) recorded a 12.01% decrease in overall transactions in November 2024, at ₦442.34 billion, compared to ₦502.73 billion in October.
Breakdown of Transactions:
- Domestic Transactions:
- Decreased by 11.83% to ₦401.40 billion in November from ₦455.27 billion in October.
- Retail Investors:
- Increased by 14.90% to ₦195.38 billion from ₦170.04 billion.
- Institutional Investors:
- Decreased by 27.77% to ₦206.02 billion from ₦285.23 billion.
- Foreign Transactions:
- Dropped by 13.74% to ₦40.94 billion from ₦47.46 billion.
Year-to-Date Overview (January to November 2024):
- Total Transactions:
- ₦4.913 trillion.
- Domestic Investors:
- ₦4.128 trillion.
- Foreign Investors:
- ₦785.28 billion.
In contrast, the total transactions during the same period in 2023 were ₦3.234 trillion, of which ₦2.871 trillion came from domestic investors and ₦362.75 billion from international investors.
Despite the monthly drop, transactions in November 2024 increased by 47.12% over the ₦300.67 billion reported in November 2023.
The market was nevertheless dominated by domestic investors, who outperformed international investors by almost 82% over the course of the month.
Total domestic transactions fell 10.94% during 17 years, from ₦3.556 trillion in 2007 to ₦3.167 trillion in 2023. In the same time frame, international transactions decreased by 33.28%, from ₦616 billion to ₦411 billion.
