Macroeconomics Variables and Stock Market Performance in Nigeria
Journal Title: International Journal of Empirical Finance - Year 2015, Vol 4, Issue 5
Abstract
This study was motivated by the fact that macroeconomic variables could exert stocks on share returns and influence investors, investment digression which could be a motivation to investigate the relation between stock market performance and macroeconomic variables. The purpose of the paper therefore is to investigate the relationship between macroeconomic variables and stock market performance in Nigeria. Using data from Nigerian Stock Exchange fact books and Central Bank of Nigeria statistical bulletin which denote secondary data analysis, the effect of macroeconomic variable on stock market performance in Nigeria was examined. The regression results showed a strong relationship between macroeconomic variables and stock market performance in Nigeria. It thus becomes obvious that Nigeria stock market might be very sensitive to macroeconomic factors given the sizeable proper train of stock market capitalization as a share of the country’s GDP. The paper draws policy implication for the findings and made useful recommendations at the end of the paper.
Authors and Affiliations
Gibson L. K. Daasi, Favour Amarachi Dimoji, Alobari Collins, Zukbee Sira
Keywords
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