Equity trading in Nigeria has seen growth over the last three years, with total transactions reaching N10.82tn as of December 31, 2024. This was fuelled by local investor participation, with domestic investors playing a role.
In 2024, domestic investors accounted for 84.02 per cent of the total market transactions, which amounted to N4.91 tn. Foreign investors contributed only 15.98 per cent, totalling N785.28 bn.
The year witnessed growth, with the highest monthly transaction occurring in January 2024 at N651.52 bn. Domestic investors dominated with N598.41 bn, representing 91.85 per cent of the trades for the month. By November 2024, domestic investors had contributed N401.40 bn, with retail investors leading at N195.38 bn, while institutional investors accounted for N206.02 bn.
In 2023, total equity trading stood at N3.58tn, with foreign investors contributing N410.62 bn, or 11.48 per cent of the total market activity. Domestic investors remained dominant, making up 88.52 per cent of the total transactions, with N3.17 tn. Monthly transactions peaked in July 2023 at N702.98 bn, with domestic investors contributing N662.44 bn, or 94.23 per cent. The lowest participation from foreign investors was observed in April 2023, where their share was just 4.43 per cent, contributing N8.47 bn, while domestic participation was N182.74 bn.
In 2022, the market saw a total of N2.32tn in equity trading. Foreign investors contributed N379.23 bn, representing 16.32 per cent of the total. Domestic investors accounted for N1.95 tn, or 83.68 per cent. The peak in monthly transactions occurred in May 2022, with N607.45 bn traded, of which N562.15 bn came from domestic investors, making up 92.54 per cent of the total.
The lowest monthly total was recorded in September 2022, with N81.90 bn, and foreign investors contributed 24.02 per cent at N19.67 bn, while domestic investors held 75.98 per cent at N62.23 bn.
The PUNCH reported that domestic transactions on the Nigerian Exchange reached N3.73tn year-to-date in October, accounting for 83.35 per cent of total market activity.
