Open AccessEffects of the Gross Domestic Product on Stock Exchange of Nigeria
Author(s) -
O A Olubiyi,
Babalola B.T,
Ayemidotun Damola
Publication year - 2017
Publication title -
international journal of social science and economics invention
Language(s) - English
Resource type - Journals
ISSN - 2455-6289
DOI - 10.23958/ijssei/vol03-i10/01
Subject(s) - gross domestic product , stock exchange , business , stock (firearms) , stock market , financial system , monetary economics , economics , accounting , finance , geography , macroeconomics , archaeology , context (archaeology)
This study examines the effect of Gross Domestic Product on Stock Exchange in Nigeria from 1996 to 2015. Secondary data were obtained from Annual stock market report of the Nigerian Stock Exchange, 2015 (55th Annual General Meeting) and Annual Statistical Bulletin of the Central Bank of Nigeria were used for the study. The variables considered include; Gross Domestic Product (GDP), Federal Government/State Bonds (FGS), Corporate Bonds (CB), Alternative Securities Market (ASeM), Exchange Traded Fund (ETFs), Main Board (MB) and Premium Board (PB). The result shows that ETFs and MB has a positive impact on the GDP.