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’Femi Asu
Foreign investors pulled out a total of N433.15bn from the nation’s stock market from January to November this year, compared to N481.96bn in the same period of 2019, a new report by the Nigerian Stock Exchange on Wednesday has shown.
The NSE, in its domestic and foreign portfolio report, said foreign inflows into the market fell to N226.13bn year-to-date from N 397.44bn in 2019.
Foreign portfolio investment outflow includes sales transactions or liquidation of portfolio investments through the stock market, while the FPI inflow includes purchase transactions on the NSE (equities only), according to the data.