Nigerian Stock Exchange has recorded a considerable decline in domestic investments because of the uncertainties regarding the 2015 General elections.
Details from the NSE showed that local investments dropped by N40.1bn at the end of February 2015.
According to a NSE Document,“Domestic investors conceded about 45.22 per cent of trading to foreign investors as domestic transactions decreased from 47.76 per cent to 27.39 per cent while FPI transactions increased from 52.24 per cent to 72.61 per cent over the same period.
“The report highlights the domestic composition of transactions on the Exchange between January and February, 2015. It illustrates that total domestic transactions decreased by 44.22 per cent from January to February 2015.
“The institutional composition of the domestic market which was about 33.69 per cent at the end of January increased to 53.32 per cent at the end of February, whilst the retail composition decreased from 66.31 per cent to 46.68 per cent in the same period.”