Uncertainty, sustained foreign exchange shortage, insecurity and other macro economic challenges, continues to dampen foreign
investors patronage in Nigeria’s bourse as participation dropped to 11 per cent.
The positive domestic investor sentiment, according to analysts has been driven mostly driven mostly by earnings and dividend payouts announced by companies in the wake of earnings season. Also in May 2024, the total value of transactions executed by domestic investors outperformed transactions executed by foreign investors by circa 30 per cent.
However, the institutional composition of the domestic market decreased by 5.66 per cent from N124.63 billion in April 2024 to N117.57 billion in May 2024.
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