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Exchange-traded Fund Market Cap Hits N20.32bn
In the first quarter of 2021, the market capitalisation of exchange-traded funds listed on Nigerian Exchange Limited has risen to N20.32billion. According to the NGX quarterly report, it said the trade volumes rose by 3,064 percent from nearly 0.2 million units in Q1 2020 to 5.3 million units recorded in Q1 2021. The Nigerian Exchange…
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Foreign Stock Investors Withdraw N99.94bn
Foreign investors from the Nigerian stock market pulled out a total of N99.94bn in the first four months of 2021. According to data from the Nigerian Exchange Limited, the foreign portfolio investors injected N78.31bn into the market from January to April. Foreign portfolio investment outflow includes sales transactions or liquidation of portfolio investments through the…