NGX Sees N349bn Foreign Outflow in Q1

Nigerian Exchange Limited

NGX Sees N349bn Foreign Outflow in Q1

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The Nigerian Exchange Limited (NGX) says N2.23 trillion equity transactions were recorded by both domestic and foreign investors between January and March 2025.

The figure surpasses the N1.54 trillion recorded in the same period of 2024, representing an increase of N690 billion or 44.8 percent.

In its ‘Domestic & Foreign Portfolio Investment Report’ on Monday, NGX said foreign transactions accounted for N814.05 billion and domestic transactions recorded N1.41 trillion.

According to the report, as of March 31, “total transactions at the nation’s bourse increased significantly by 118.95% from N509.47 billion (about $341.36 million) in February 2025 to N1.1155 trillion (about $725.86 million) in March 2025”.

“The performance of the current month when compared to the performance in March 2024 (N538.54 billion) revealed that total transactions increased by 107.14%,” NGX said.

“In March 2025, the total value of transactions executed by Foreign Investors outperformed transactions executed by Domestic Investors by circa 26%.”

NGX said domestic transactions decreased by 10.98 percent from N466.82 billion in February 2025 to N415.62 billion in March 2025

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On the other hand, NGX said foreign transactions “increased significantly by 1,541 percent from N42.65 billion (about $28.57 million) to N699.89 billion (about $455.41 million) between February 2025 and March 2025”.

Further analysis showed that the bourse recorded foreign inflow of N349.97 billion in March, compared to N18.05 billion in February and N25.66 billion in January, denoting a 1,263.87% increase in the first quarter of 2025.

While NGX recorded 663.18 percent growth in foreign outflow for Q1, which rose to N349.92 billion in March, against N24.60 billion in February and N45.85 billion in January.

However, domestic inflow dropped by 26.78 percent in the reviewed period, after the bourse recorded N205.95 billion in March, N236.32 billion in February and N281.28 billion in January.

In addition, domestic outflow was N209.67 billion in March, N230.50 billion in February and N254.26 billion in January — indicating a decline of 17.53 percent in Q1.

Giving an analysis of the domestic transactions, NGX said institutional investors outperformed retail investors by 6 percent in the period under review, as the former accounted for 53 percent of the total domestic transactions, while the latter accounted for 47 percent.

“A comparison of domestic transactions in the current and prior month (February 2025) revealed that retail transactions decreased by 8.11% from N214.51 billion in February 2025 to N197.12 billion in March 2025,” the bourse said.

NGX added that the institutional composition of the domestic market decreased by 13.40 percent from N252.31 billion in February to N218.50 billion in March 2025.