Data from the country’s local bourse revealed that retail transactions in Nigerian Exchange increased by 10.69 per cent to N26.62 billion in the month of November.
The data from the Nigerian Exchange indicated that retail transactions added N26.62bn in the month from N24.05bn in October 2022.
Institutional investors with N63.33bn outperformed retail investors (N26.62bn), as market observers believed that the appreciation was a positive indicator for Nigerian stocks, considering the current economic environment.
A capital market analyst, Ayotunde Alabi, says more Nigerians are becoming investment wiser by the day.
He attributed the past decline of the market to the capping of stocks and investors’ drive to make quick returns.