Domestic transactions in NGX hit N742.09 billion in four months

The total value of domestic transactions on the Nigerian Exchange Limited (NGX) for the first four months of the year 2022 was N742.09 billion against N156.09 billion which was the total foreign transactions carried out during the period under review.

It was gathered tl that the total value of domestic transactions outperformed transactions executed by foreign investors by N586 billion or 375.42%.

As at 30th April 2022, total transactions at the nation’s bourse increased by 11.13% from N185.26 billion (about $445.25 million) in March 2022 to N205.88 billion (about $494.26 million) in April 2022.

The performance of the current month when compared to the performance in April 2021 (N159.93 billion) revealed that total transactions increased by 28.73%.

In April 2022, the total value of transactions executed by Domestic Investors outperformed transactions executed by foreign investors by circa 74%.q

Further analysis of the total transactions executed between the current and prior month (March 2022) revealed that total domestic transactions increased by 24.96% from N143.09 billion in March to N178.80 billion in April 2022.

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