Foreign Portfolio Inflows Rise by 28.91% in August 2020; MPC Cuts MPR to 11.50%

September 25, 2020/Cowry Asset Report

The Nigerian Stock Exchange (NSE) report on domestic and foreign portfolio participation in equities trading showed that total equities market transactions decreased in August 2020 compared to transactions done in July 2020. Specifically, total transactions on the nation’s bourse moderated to N94.45 billion in August (from N103.21 billion printed in July); of which total domestic transactions fell to N55.47 billion (from N68.62 billion).

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