Stock Market Performance In Nigeria Research Articles

Banking Sector Consolidation and Stock Market Performance

In this paper, an attempt has been made to address the impact of banking sector consolidation on the stock market performance in Nigeria between 2001 and 2012.The introduction to the banking system in Nigeria was discussed, some literatures were reviewed ,past challenges in the capital market, consolidation exercise between 2004 and 2009 were looked into. The secondary source of data was used to analyze if there was any significant relationship between the banking sector consolidation and stock market performance before, during and after the consolidation exercise. It was concluded that banking consolidation policy on its own could not increase stock market returns but there must be adequate mix with other monetary and fiscal policy instruments to produce desired result.

The impact of inflation on stock market performance in Nigeria

The impact of inflation on stock market performance in Nigeria

Investors’ Behavioural Biases and the Security Market: An Empirical Study of the Nigerian Security Market

Behavioural biases describe a replicable pattern in perceptual distortion, inaccurate judgment, illogical interpretation, or what is broadly called irrationality. This paper adopts a primary data approach to investigate the effects of behavioural biases on security market performance in Nigeria. The objectives are in twofold: one, to examine the extent of behavioural biases among security market investors in Nigeria and, to examine the effects of behavioural biases on stock market performance in Nigeria. The paper employed questionnaire as instrument and the technique of correlation with Pearson Product Moment Coefficient to analyze a survey of 300 randomly selected investors in Nigeria security market. We find strong evidence that behavioural biases exists but not so dominant in the Nigeria security market because a weak negative relationship exists between behavioural biases and stock market performance in Nigeria. The paper recommends that individual investors in the market should engage the services of investment advisors which will reduce personal biases in the management of their portfolios.