AGS NEWS – The Nigerian stock market recorded a total domestic transaction value of N2.5 trillion in the first half of the year, according to the Nigerian Exchange Limited’s latest report.

This highlights the growing dominance of local investors, who accounted for 80.68% of market activity, compared to just 19.32% by foreign investors.

While foreign participation slightly increased from the previous year, local investors continue to lead the market, with domestic transactions growing by 27% compared to the same period last year.

The report also showed fluctuations in monthly domestic transactions, with a peak in January at N598.41 billion, a dip in February, and a recovery in March.

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July saw a significant surge in domestic transactions, driven by increased retail investor activity, while foreign transactions declined, reflecting reduced interest from foreign investors.

Financial analysts noted that the current economic environment is less favorable for foreign investors, who are wary of inflation eroding their investments.

They also highlighted the increasing interest of domestic investors, supported by technological advancements and market sensitization efforts.

Analysts emphasized the importance of maintaining a balanced market and suggested that the Nigerian Exchange should work to make the market more attractive to encourage further domestic participation.