Equity market transactions in Nigeria rose by 72.83 per cent month-on-month, as the stock market recorded N702.9 billion traded in July 2023, the Nigerian Exchange Limited (NGX) has disclosed in a new report.
The Domestic and Foreign Portfolio participation report showed that international and local stock market traders raised the value of their transactions from N406.75 billion reported in June.
However, this surge was largely driven by domestic investors after equity trades among local investors rose by 83.50 per cent, a significant increase when the N361.01 billion posted in June is compared to the N662.44 billion netted in July.
