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

By News Express on 03/11/2015

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 1,879


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

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

 

You may also like...
Only in Nigeria: Private citizen pockets multi-million naira...

Nigeria at risk of losing $500 million foreign...

Court dismisses application to stop Gov. Nyako’s impeachment...

We are not part of any Saraki script:...

Nigerian ambassadors-designate to be posted in May

NGOs decry increasing brutality, extortion by Bayelsa security...

Culture, tourism key to addressing challenges of lean...

Niger extends state of emergency in Diffa Region...

Man loses millions as neighbour sets house on...

Popular TV host commits suicide

Fun, surprises as MayBach launches super-luxury S-Class Mercedes...

Tiwa Savage files for divorce from hubby

 

Latest News World Igbo Congress endorses Atiku/Peter Obi ticket •Says Obi a miracle worker Boko Haram may soon kill Leah Sharibu, health workers — Red Cross EFCC operatives trail Fayose Travel ban: We have not released any list — Presidency Forget 2019 Presidency, Save Lagos Group tells Buhari Wike declares support for Atiku 2019: PDP South East caucus, MASSOB okay Atiku/Obi ticket Falana to Buhari: Withdraw travel ban on 50 Nigerians ‘without any delay’ INEC under pressure to return Zakari to operations Amnesty office dismisses reports, says not owing graduands under scholarship at Benson Idahosa University Over 15 cultists denounce membership in Enugu Aba fuel explosion: Tension over fresh pipeline leakage

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (406,329 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (382,051 views) Shameless Genevieve Nnaji exposes breasts in public (314,419 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (256,228 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (237,138 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (224,145 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (203,885 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (185,367 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (169,885 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (165,748 views) Lagos plane crash: Journalist releases victims’ names (161,311 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (149,148 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (67) Business & Economy (3,679) Business Verdict (52) Columnists (945) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (558) Features (658) Global Business Monitor (304) International (2,529) Interview (165) Live Commentary (28) Love Matters (145) News (39,613) Opinion (1,122) Pidgin (13) Politics (7,210) Religion (880) Sports (1,730) Stock Watch (35) AMA & Al Jazeera Global Update

 

Zenith Zero Balance

NLNG Expression of Interest banner

CBN banner

Firstmobile banner

 

 

NEWS EXPRESS TV

Fulham vs Arsenal 1-5 All Goals & Extended Highlights

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement