30 August 2018 : Since the beginning of 2018, the foreign outflows are skyrocketing and are all set to reach the stratosphere. The outflows this year is the highest then in the last four years.
At July’18 the foreign outflows increased by a whopping 84% TO n 435.4 billion from N 236.32 billion in the same period ending July’17, and mind you this is just half of this year. In 2015, the total outflow reported for the year was N 554.24 billion.
The foreign investors are whooshing from the Bourse, fueled by the evil political uncertainty haunting the Nation. Hopefully we might see some inflows after the 2019 elections. What does any investor look for while making an investment? Higher potential returns, but with a YTD of -7.3%, the investors will bolt through the door leaving Africa’s largest economy high and dry.
Total transactions on the Bourse for the period ending July’18 amounted to N 146.07 billion, which is a 22% dip from N 187.78 billion in June, but a 24.7% increase from N 194.15 billion reported in July’17.
The H1’18 cumulative transactions increased by 54.38% in comparison to HI’17.
Amongst the foreign investments, the money market investments are the hottest , as they have had the highest amount of foreign portfolio investement of $ 2.7 billion, followed by $1 billion investment in the equity market, and $400 million in bonds.
But the foreign inflows have also quite dramatically dropped by 58% from June’18 to July’18.
Reporting for EasyKobo on Thursday ,30 August 2018 in Lagos, Nigeria