Foreign portfolio investment on the Nigerian Exchange Limited (NGX) rose in May, climbing by 88.54 per cent to ₦118.91 billion from ₦63.07 billion recorded in April 2025.
This is according to the latest Domestic and Foreign Portfolio Investment Report published by Nigerian Exchange Limited, which showed that both foreign inflows and outflows increased during the period under review.
The report stated that foreign inflows stood at ₦66.11 billion in May, up from ₦26.64 billion in April, while outflows increased to ₦52.80 billion from ₦36.43 billion in the previous month.
Total transactions on the NGX in May amounted to ₦700.50 billion, representing a 45.32 per cent increase compared to ₦482.04 billion recorded in April 2025. The May figure also reflected a 97.11 per cent increase from ₦355.38 billion posted in the same month of 2024.
Domestic investors continued to dominate trading activity on the exchange, accounting for ₦581.59 billion or 83.02 per cent of the total transaction value in May, while foreign investors contributed ₦118.91 billion or 16.98 per cent.
Retail investors drove the domestic market, outperforming institutional investors during the month. Retail participation rose by 86.12 per cent to ₦337.46 billion in May, compared to ₦181.31 billion in April. Institutional investment increased by 2.72 per cent from ₦237.66 billion to ₦244.13 billion.
Cumulatively, year-to-date data showed that domestic transactions stood at ₦2.42 trillion as of May 2025, accounting for 70.83 per cent of total trades, while foreign transactions totalled ₦996.03 billion, or 29.17 per cent. This compares with the same period in 2024, when domestic participation was ₦1.79 trillion and foreign trades amounted to ₦458.29 billion.
The NGX noted that the report was based on data polled from 100 per cent of active trading licence holders and reflects equity trading activity on the exchange.
Domestic investors have continued to dominate trading activity on the Nigerian Exchange Limited, with a total of ₦3.41 trillion worth of transactions recorded in the first five months of 2025, outpacing foreign participation.
The PUNCH