Foreign investment in Nigerian stocks falls by N30.91bn

Latest news in Nigeria is that foreign portfolio investments declined Latest news in Nigeria is that foreign portfolio investments declined

The Nigerian Exchange Limited has said the total inflows of foreign portfolio investments declined by N30.91bn from January to July, compared to the corresponding period in 2020.

NGX’s Domestic and Foreign Portfolio Investment Report for July 2021 showed that inflows from foreign investors declined by 21.52 per cent when compared to the same period of last year.

The total outflows from the equity market as of July 31, 2021 amounted to N124.75bn, representing a 56.62 per cent plunge.

The net foreign portfolio investment year-to-date, a difference between foreign outflows and inflows, stood at N12.01bn, representing negative sentiments in the market from foreign investors.

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