Between 2007 and 2010, domestic portfolio investors dominated activities in the portfolio investment of the Nigerian Stock Exchange , but the crash in stock prices after a peak witnessed in 2008, owing to a global financial crisis made them to beat a retreat, relinquishing their dominance to their foreign counterparts.
However, domestic investors lost their steam from 2011 when total contribution to portfolio investment in the exchange dropped to N422billion or 33.2 per cent, while their foreign counterparts took over with a controlling share of 66.8 per cent of total portfolio investment of N1.27trillion. Foreign investors for the first time since 2007 increased their stake in the market to N808billion. Though the tempo dropped in 2012, they , maintained their lead over their domestic counterparts with 61.
Whilst foreign portfolio contribution increased to 50.7 per cent of total investment in2018, N1.19trillion from the coffers of local investors compared to N1.22trillion from their foreign competitors was close and market pundits are confident that local portfolio investors, especially institutional investors will keep pulling weight in the market post- election and as the economy continues to show recovery signs.
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Source: LeadershipNGA - 🏆 4. / 77 Read more »