Skip to main content

Foreign Investors Withdraw N435.41bn From Nigeria’s Stock Market.


About N435.41bn was withdrawn by foreign portfolio investors from the Nigerian stock market from January to July 2018.

According to media reports, this was due to the upcoming 2019 general election with the figure being a stark contrast toN236.32bn in the same period in 2017.

“Once there is any cause to fear, portfolio investors sell out their shares and they come back when the environment is better; all of these create a lot of volatility in the market and may be one of the reasons why we do not have a lot of initial public offerings in the country,” the Associate Director, Capital Markets at PwC Nigeria Alice Tomdio told Punch.

According to her, more attention should be aimed at increasing the participation of domestic investors in the capital market.

Comments

Post a Comment

Popular posts from this blog

Burna Boy Refunds Ticket Money To A Fan Who Wasn't Singing Along In His Show!

Nigerian singer, Burna Boy has sent a man out of his show for not singing along to his song .The singer who was performing to excited fans said the man's face was not encouraging him because he just stood and watched the performance. The Self Acclaimed giant of Africa refunded the money back to the man and told him to leave the audience for true fans. Ain't that funny?
Post a Comment
Read more

Jamie Foxx To Host 2018 BET Awards .

The Academy Award-winning actor and comedian Jamie Foxx, has been announced as the host for the BET Awards taking place at Microsoft Theater on June 24 in Los Angeles. Foxx, who hosts the game show “Beat Shazam,” last hosted the award show in 2009 – just days after Michael Jackson died. “This year’s @BetAwards are gonna be a party and celebration all in one cuz your boy is hosting and I’m #BackOnMyFunnySh-t so get ready,” Foxx, 50, quipped on Instagram. “We’re just gonna celebrate greatness and have a phuckin good time.” Meanwhile, Nigerian singers, Tiwa Savage and Davido, have been nominated for the Best International Act Music category at the awards. Both singers were nominated among international entertainment superstars listed for honours. American record producer and radio personality DJ Khaled tops the overall list, with six nominations.
Post a Comment
Read more

BREAKING: South Africa Shuts Down High Commission In Nigeria​.

The South African high commission in Nigeria has shut down operations temporarily. According to eNCA, a South African media house, the shut down was necessitated by the need for safety of workers in the commission. Lunga Ngqengelele, spokesperson to the Department of International Relations and Cooperation said: "We have been in communication with the Nigerian government and we have been assured of the protection of the businesses belonging to SA" This story is just developing...
Post a Comment
Read more