The Nigerian Exchange (NGX) saw a decline in total transactions in November 2024, dropping by 12.01% to N442.34 billion, down from N502.73 billion in October 2024.
This was revealed in the latest Domestic & Foreign Portfolio Investment Report published by the Nigerian Exchange Limited on Friday.
The report highlighted a drop in both domestic and foreign transactions. Domestic transactions amounted to N401.40 billion, reflecting an 11.83% decrease from the N455.27 billion recorded in October. Foreign transactions also fell by 13.74%, dropping from N47.46 billion in October to N40.94 billion in November.
Despite the overall decline, retail investor participation increased significantlyrisisng by 14.90%, from N170.04 billion in October to N195.38 billion in November.
In contrast, institutional investors saw a 27.77% drop in their transactions, which fell from N285.23 billion in October to N206.02 billion in November, highlighting a shift in the types of investors driving the market.
From a year-to-date perspective, total transactions from January to November 2024 reached N4.913 trillion.
Domestic investors contributed the lion’s share at N4.128 trillion, while foreign investors accounted for N785.28 billion.
This compares to the same period in 2023, when total transactions were N3.234 trillion, with N2.871 trillion from domestic investors and N362.75 billion from foreign investors.
Although November 2024 experienced a monthly decline, it showed a remarkable 47.12% increase compared to the N300.67 billion recorded in November 2023. Domestic investors continued to dominate the market, representing about 82% of total transactions during the month.
