Stocks and transactions by foreign investors was 56%, in the Nigerian Stock Exchange (NSE) in 2012, making those by local investors to stand at 44%. The 56% input of foreign investors was valued at N733 billion, showing an improvement compared to 2011, and years of the recent economic recession.
The CEO of NSE, Oscar Onyema, on this, explained that, “Last year, the NSE recorded local participation of 44 per cent, while foreign participation accounted for 56% of activities in the same year. The rally we saw in the market in 2012 was on the back of foreign investments.”
He continued, “It is also good that our local investors have started to return to the market and we are very hopeful that we will see more of this in 2013. We at the Exchange are hopeful that the market will pick up further this year.”
“It is important to state here that the Nigerian stock market has been cleaned up to give good returns to foreign investors and our market is too big to be ignored by foreign investors who are looking to take advantage of the opportunities offered by the African market and other emerging economies. This is what has kept these investors.”
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This article was first published on 21st January 2013
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