Fidelity bank banner Camano banner
Foreign portfolio investors’ withdraw N40.07bn from stock market

By News Express on 03/11/2015

Views: 2,142

The Nigerian Stock Exchange (NSE) said that foreign investors withdrew the sum of N40.07 billion from the equities market in the month of September.

This is contained in a domestic and foreign portfolio participation in equity trading for September 2015 posted on NSE web site on Monday.

The report stated that total foreign outflow for September stood at N40.07 billion, compared to N48.07 billion recorded in August.

The exchange stated that total foreign in flow during the review period stood at N29.26 billion as against N33.06 billion in August.

It added that foreign portfolio investment transactions at the nation's bourse in September reduced to N69.33 billion from N81.13 billion in August, recording a decrease of 14.54 per cent.

According to the report, total domestic transactions stood at N60.59 billion in contrast with N64.56 billion in August.

It added that total transactions in September dropped to N129.92 billion as against N145.69 billion achieved in the preceding month.

The statistics showed that foreign portfolio investors' inflows accounted for 22.52 per cent of total transactions.

It stated that foreign portfolio investors' out flows accounted for 30.84 per cent of the total transactions in September.

Commenting on the issue, Mr Okechukwu Unegbu, the former President, Chartered Institute of Bankers of Nigeria, told the News Agency of Nigeria (NAN) that the exchange must map out strategies aimed at sustaining local investors' confidence in the market.

Unegbu said that market regulators must reduce their emphasis on foreign investors and concentrate on local investors' who investment for long-term purpose.

He said that uncertainties in the economy made it imperative for NSE to look inwards, noting that foreign investors could exit at the market at any given time. (NAN)

•Photo shows NSE DG, Oscar Onyeama.

Source News Express

Posted 03/11/2015 05:01:06 AM





You may also like...
INEC achieves 95 per cent of PVC distribution...

NLC, TUC demand probe of alleged N25 billion...

Kwara extends magistrates, counsels’ service year to 65...

BREAKING NEWS: Ex-US President George Bush Senior is...

Civil society lessons from America

Is he playing games?: Atiku disowns new party...

Fayemi appoints directors for local councils

Breaking News: ETHIOPIAN AIRLINES LANDS IN ENUGU •Celebration...

Honour agreement and MoU, ASUU tells Buhari

Luxury bus owners decry incessant attacks, kidnap, robbery...

Wonder Bank scandal: You’re unfit to pray for...

Suicide bombers die in vain bid to attack...


Latest News European Union writes Buhari on Nigeria’s democracy Adeleke’s Victory: Any hope for Atiku at Presidential Election Tribunal? Ogoni Ethnic Nationality declares Amaechi, Emma Deeyah, Victor Giadom, George Feyii, Greg Nwidam, Eric Nwibani, others, persona-non-grata Kano Guber War: APC slams PDP El-Rufai reveals what will happen to those who voted against him during Kaduna governorship election Boko Haram: I slept in tents to inspire my people to return — Emir The martyrs of Rivers polls 103 make First Class in Open University APC planning to arrest our leaders in Bauchi — PDP End of the road for ISIS terrorists Boko Haram: Chad fires Military Chief over death of 23 soldiers Group hails court order on arrest of top APC politicians in Bayelsa, insists no election in Brass, Nembe


Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (461,359 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (410,648 views) Shameless Genevieve Nnaji exposes breasts in public (346,676 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (297,484 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (261,748 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (236,624 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (222,758 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (204,450 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (192,809 views) 10 cars more expensive than Jets (177,899 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (176,999 views) Lagos plane crash: Journalist releases victims’ names (175,878 views)


NLNG call for entries

CBN banner


Categories Advertorials (3) African Press Organisation (81) Art & Literature (81) Business & Economy (4,097) Business Verdict (60) Columnists (1,008) Complaints & Requests (95) Enterprise & Opportunities (208) Entertainment (598) Features (725) Global Business Monitor (327) ICT Monitor (27) International (3,209) Interview (174) Live Commentary (28) Love Matters (153) Maggie's Blog (194) News (44,155) Opinion (1,206) Pidgin (17) Politics (10,327) Religion (962) Sports (1,927) Stock Watch (39) AMA & Al Jazeera Global Update





APO Group Partner




GOCOP Accredited Member

GOCOP Accredited member



Africa Media Agency and Al Jazeera