Domestic Investment Loses N40bn

Nigerian Stock Ex
change (NSE) investment details have revealed domestic investment reduction of N40 billion in 2015.
Analysis from the Exchange shows that at the end of February 2015, the investment which stood at N90.61 billion as at the year opening in January reduced as a result of uncertainties brought by elections.
The document obtained from NSE on Friday indicated the drop of N40.1 billion or 44 per cent to N50.24 billion as at the end of last month.
However, statistics showed that foreign investment rose in the period under review to a total of N133.95 billion invested by foreigners in February 2015.
This represented an increase of N34.84 billion or 35 per cent compared to N99.11billion invested at the end of January.
The NSE document said that domestic investors conceded about 45.22 per cent of trading to foreign investors as domestic transactions decreased from 47.76 per cent to 27.39 per cent while FPI transaction increased from 52.24 per cent to 72 per cent over the same period.
The report highlighted that domestic composition of transactions on the Exchange between January and February, 2015 illustrated that total domestic transactions decreased by 44.22 per cent from January to February 2015.
According to the reports the institutional composition of the domestic market which was about 33.69 per cent at the end of January increased to 53.32 per cent at the end of February, while the retail composition decreased from 66.31 per cent to 46.68 per cent in the same period.