The Nigerian Exchange Limited reported a 12.01% decline in total transactions for November 2024, amounting to ₦442.34 billion, down from ₦502.73 billion in October 2024.
This was detailed in the Domestic & Foreign Portfolio Investment Report released on Friday.
The report highlighted that domestic transactions accounted for ₦401.40 billion in November 2024, an 11.83% decrease from ₦455.27 billion in October.
Similarly, foreign transactions dropped by 13.74%, from ₦47.46 billion in October to ₦40.94 billion in November.
However, retail investors showed increased activity, with their transactions rising by 14.90%, from ₦170.04 billion in October to ₦195.38 billion in November.
In contrast, institutional transactions experienced a decline, dropping by 27.77 per cent from N285.23bn in October to N206.02bn in November. This divergence highlights the varying levels of engagement within the domestic market.
From a year-to-date perspective, total transactions between January and November 2024 amounted to N4.913tn. Domestic investors accounted for most of these transactions at N4.128tn, while foreign investors contributed N785.28bn.
In the same period of 2023, total transactions amounted to ₦3.234 trillion, with ₦2.871 trillion from domestic investors and ₦362.75 billion from foreign investors.
Despite the monthly drop, transactions in November 2024 increased by 47.12% compared to ₦300.67 billion in November 2023. Domestic investors dominated, outperforming foreign investors by about 82% during the month.
Over the 17-year period from 2007 to 2023, total domestic transactions declined by 10.94%, from ₦3.556 trillion to ₦3.167 trillion, while foreign transactions dropped by 33.28%, from ₦616 billion to ₦411 billion.
