Skip to main content

Equity market: Domestic investors outperform FPIs by 272.2%

Equity market: Domestic investors outperform FPIs by 272.2%
Nigerian Stock Exchange
Nigerian Stock Exchange

By Nkiruka Nnorom

CAPITAL MARKET

Domestic investors have extended their dominance in the equities market with the value of their investment outstripping that of the foreign investors by 272.16 percent at the end of November, 2020.

Specifically, the domestic investors’ commitment in equities rose to N250.50 billion as against N67.31 billion invested by their foreign counterparts during the same period.

Domestic investors have consistently outperformed their foreign counterparts since the outbreak of coronavirus in Nigeria in February, 2020, a development investment analysts attributed to difficulty in repatriating funds by Foreign Portfolio Investors (FPIs).

READ ALSO:Ohanaeze poll must not hold in Govt House – Ikokwu

While domestic investors’ participation had risen by 224.65 percent between February and November, foreign investors, on the other hand, scaled down their investment by 5.6 percent from N71.34 billion in February, 2020 to N67.31 billion at the end of November.

Analysis of the Domestic and Foreign Portfolio Investors (FPIs) participation in equity trading by the Nigerian Stock Exchange (NSE), showed that domestic investors raised their stakes by 53.5 percent month-on-month (M/M) between October, 2020 and November, 2020, while that of the FPIs fell by 17.6 percent.

Ali Khalpey, CEO, EFG Hermes Frontier, had said in a forum that investors are wary of investing in climes where uncertain policy environment makes it difficult to repatriate funds and cited concerns from investors trapped in Nigeria’s debt market due to low dollar liquidity.

He said: “Liberalisation policies need to be accelerated. You can’t trap people into markets because once they are able to get out, they won’t come back again. Nigeria needs to be compelling to attract needed capital into the country.

“Once you cannot take money out, you cannot  put money in. The authority should help companiesto facilitate repatriation of funds.”

Vanguard News Nigeria

The post Equity market: Domestic investors outperform FPIs by 272.2% appeared first on Vanguard News.


https://ift.tt/3pwzMoQ by Urowayino Jeremiah via Vanguard News Albert Einstein Fools of Fortune

Comments

Popular posts from this blog

How to jump-start Nigeria economy post-COVID-19 Pandemic

Nwali Tochukwu Watching with consternation the fall out of events, actions, and inactions of our Nigerian leaders on mitigating the negative impact of COVID-19 Pandemic disruptions on our social and economic lives. As a young dynamic business and entrepreneurship writer, and author cum small business owner, what came into my mind as we navigate the storms of COVID-19, was a common English phrase Adages, Proverbs, first recorded in Fuller’s Gnomologia, 1732: ‘A stitch in time saves nine’ which was translated to literally, solve the problems right now! Why procrastinating? If we, as a nation wants to break away from past mistakes, and present mistakes, we should hold the bull by the horn right now. And avoid the roads of political expediency. That is exactly what the stitch in time simply stood for. Promptly address issues posed by Coronavirus. By quickly sewing up of a small hole or tear in a piece of material, so saving the need for more stitching at a later date when the whole ha

Where is Aguleri Located?

Aguleri is a prominent town often associated with the mighty river called Omabala wgiyflows through it. It is home to a lot of great men and women of Anambra Stare - notably Willie Obiano. History had it that it was the cradle of Igbo people established by Eri, son of Had, son of Jacob (you got to read your Bible babe). Where is Aguleri located? It can be foueat the north eastern part of Nigeria. They share boundaries with Kano, Umueri, Anam and Nando httpss://twitter.com/share https://google.com https://www.alexa.com/siteinfo/google.com https://www.quantcast.com/google.com https://sharedcount.com/?url=https://google.com https://www.similarsites.com/site/google.com https://facebook.com https://www.alexa.com/siteinfo/facebook.com https://www.quantcast.com/facebook.com https://sharedcount.com/?url=https://facebook.com https://www.similarsites.com/site/facebook.com https://youtube.com https://www.alexa.com/siteinfo/youtube.com https://www.quantcast.com/youtube.com

A lot of people think of actresses as prostitutes ― Joke Lawal

On-the-rise actress, Joke Lawal is living up to the title bestowed on her in 2016 as Nollywood New Bride by White Cowry Awards as the one-time City People Awards nominee is rapidly becoming a force to reckon with in the make-believe world. The Moshood Abiola Polytechnic graduate who dumped her degree in Business Administration in pursuit of her passion for acting in a chat with Potpourri has revealed what she hates about being an actress and what she would love to see a change in the movie-making landscape. ALSO READ:  Buhari urges Nigerians to pray for peace, unity “I would like to change people’s perception of actresses. A lot of people think of actresses as prostitutes, they see us as people who are not worthy of marriage and having a family. If I have the power this is something I will like to change. I will also like to see a change in the way our stories are written and interpreted, and in the quality of our film productions. Another thing I would like to change too is, how po