Amaka Obiefuna.

The Foreign Portfolio Investment (FPI) inflows on the Nigerian Stock Exchange (NSE) dropped to N16.10 billion in February as against N22.61 billion recorded in January, 2017.

NSE made this known in its domestic and foreign portfolio participation in equity trading for February 2017.

The report stated that the total foreign inflows for the period under review declined by 28.79 per cent to N16.10 billion when compared with N22.61 billion recorded in January.

NSE also said that total foreign outflows decreased by 13.83 per cent from N21.40 billion in January, 2017 to N18.44 billion in February.

The FPI outflow includes sales transactions or liquidation of portfolio investments through the stock market.

Also, the FPI inflow includes purchase transactions on the Nigerian Stock Exchange (equities only).

The report also stated that total transactions at the nation’s bourse decreased by 22.25 per cent to N74.11 billion from N95.32 billion recorded in January.

According to it, the cumulative transactions from January to February decreased by 15.86 per cent from N201.37 billion recorded in 2016 to N169.43 billion in 2017.

It said that domestic investors outperformed foreign investors by 6.78 per cent in February, 2017.

The report indicated that domestic transactions decreased by 22.88 per cent to N39.57 billion from N51.31 billion recorded in January.

Also, the foreign transactions decreased by 21.52 per cent to N34.54 billion from N44.01 billion recorded the previous month.

It stated further that the institutional composition of the domestic market decreased by 21.93 per cent from N31.19 billion recorded in January to N24.35 billion in February.

The retail composition decreased by 24.35 per cent from N20.12 billion to N15.22 billion within the same period.

It said the figure indicated more active participation by institutional investors over their retail counterparts during the period under review