STOCK MARKET AND MACROECONOMIC INDICATORS: EVIDENCE FROM NIGERIA
ABSTRACT This study examines the relationships between stock market capitalization rate and interest rate. Time series data obtained from Central Bank of Nigeria (CBN) and Nigeria Stock Exchange (NSE) were analyzed using regression. Results showed that the prevailing interest rate exerts positive influence on stock market capitalization rate. Government development stock rate exerts negative influence on stock market capitalization rate and Prevailing interest rate exerts negative influence on government development ...
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