July 25, 2024
Transactions In Equity Market Dropped By 35% To N346bn In April
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Transactions In Equity Market Dropped By 35% To N346bn In April

The Nigerian Exchange Limited, NGX, says total transactions on the stock market decreased from N538 billion in March, to N346 billion in April.

In its domestic and foreign portfolio investment report for April, the NGX also said the current figure represents a 35 percent decline. When compared to the performance in April 2023, the NGX said total transactions increased by 81 percent.

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The Exchange said the overall value of transactions executed by domestic investors outperformed transactions executed by foreign investors by about 30 percent during the review period.

The report added that over a 16-year period, domestic transactions decreased by 10 percent from N3.5 trillion in 2007 to N3.16 trillion in 2023.

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