Investors Withdraw N61.67bn from NSE in January

• Investors Withdraw N61.67bn from NSE in January

Stock market investors withdrew a total of N61.67 billion from Nigerian Stock Exchange in January, the Nigerian Stock Exchange has said on Monday.

Foreign investors pulled out M39.04 billion during the month, while domestic investors withdrew N22.63 billion in the same month.

The NSE, however, recorded capital inflow of N60.42 billion in January as investors looking to capitalize on low prices continued to invest despite the uncertainty surrounding February general elections.

Total transactions carried out in January 2019 reduced by 3 percent from N125.86 billion in December 2018 to N122.08 billion, that was 69.05 percent lower than the total transactions performed in the same month in 2018.

According to the report, “the total value of transactions executed by foreign investors outperformed those executed by domestic investors by 10 percent.

“A further analysis of the transactions executed in the current and prior month (December 2018) revealed that total foreign transactions increased by 11.27 percent from N60.08bn in December 2018 to N66.85bn in January 2019.”