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NGX transactions hit N1.51tn in five months

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NGX transactions hit N1.51tn in five months

23 Jun, 2022

The total value of domestic and foreign transactions on Nigerian Exchange Limited for the first five months of the year 2022 rose to N1.51tn.This record shoots higher against N933.65bn, which was the total transactions carried out by both domestic and foreign investors in the corresponding period of January to May 2021.In a report released by NGX Regulation Limited on behalf of NGX, the ‘Domestic and Foreign Portfolio Investment May 2022’ report showed the transactions as well as trading figures from market operators.It also showed that domestic investors had continued to hold ground on the floor of the NGX despite rising inflation and currency volatility in the foreign exchange market which remained key drivers of the domestic and foreign portfolio investment.