However, monthly FPI transactions at the nation’s bourse which was N99.11 billion at the end of January 2015 increased to N133.95 billion at the end of February 2015, up 35.15 per cent from January 2015. In the same vein, total domestic transactions between January and February stood at N141.15 billion, compared to total foreign transactions of N233.06 billion during the same period. Domestic investors in January transacted N90.61 billion with the figures dropping to N50.54 billion in February. Consequently, in February, domestic investors conceded about 45.22 per cent of trading to foreign investors as domestic transactions decreased from 47.76 per cent to 27.39 per cent while FPI transactions increased from 52.24 per cent to 72.61 per cent over the same period. In the same period in 2014, total FPI transactions decreased by 1.71 per cent, while the total domestic transactions decreased by 19.03 per cent. FPI outflows outpaced inflows which was consistent within the same period in 2014. Overall, there was a 7.15 per cent decrease in total transactions, compared with the same period in 2014. The domestic composition of transactions on the exchange between January and February 2015 indicated that total domestic transactions decreased by 44.22 per cent from January to February 2015. The institutional composition of the domestic market which was about 33.69 per cent at the end of January increased to 53.32 per cent at the end of February, while the retail composition decreased from 66.31 per cent to 46.68 per cent in the same period.
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