International Analysis Journal of Finance and Economics ISSN 1450-2887 Issue 25 (2009) В© EuroJournals Publishing, Inc. 2009 http://www.eurojournals.com/finance.htm
An Impact Examination of True Gross Domestic Product Pumpiing and Interest levels on Share Prices of Quoted Companies in Nigeria Daferighe. Emmanuel E Lecturer, Department of Accounting, Faculty of Management Sciences Olabisi Onabanjo School, Ago-Iwoye, Ogun State, Nigeria E-mail: [email protected] com Tel: +234-805-5218-253 Aje. Samuel U Lecturer, Section of Accounting, Faculty of Management Savoir Olabisi Onabanjo University, Ago-Iwoye, Ogun State, Nigeria Tel: +234-803-7173-900 Summary Market responds differently to various factors including economic political, and socio-cultural. The share prices of quoted companies in Nigeria are afflicted either positivity or in a negative way by a quantity of factors occurring within or without the marketplace. The paper examines the impact of True Gross Home-based Product (RGDP), Interest Rate (INT) and Pumpiing Rate (INF) on inventory prices of quoted companies in Nigeria from 1997 вЂ“ 06\. Stock rates were displayed by Stock exchange Value Index in the unit, which is SMVI = О±0 + О±1 INT & О±2 INF + О±3 RGDP & u. A regression analysis showed which the explanatory factors accounted for 95. 6% in the variation in stock rates. While a decrease in interest and inflation rate resulted in improved stock prices, increased RDGP has a impact. Government should certainly therefore implement policies that may reduce inflation rate and improve the standard of living of the citizens. Interest should be made moderate in order to encourage investment and transactions in stock. Keywords: Stock prices, Actual Gross Household Product, Interest, Inflation price, Market information.
Zero economic activity operates in a vacuum. Market acts promptly and uncharacteristically to rumours of war, within regulatory environment; political climate seen as a bad factor by the business (investing) community; and interest rate variance to general performance in the economy. It is just a common pattern for inventory prices of some quoted companies to increase and show up or fall and climb twice or thrice within a year. The stock prices of quoted companies on the Nigerian Stock market (NSE) will be affected possibly positively or perhaps negatively by a number of elements occurring within and without the economic system. In respect to Corrado and The nike jordan (2002), a few of the factors impacting on stock
International Research Journal of Financial and Economics - Concern 25 (2009)
price behaviour include company earnings; political elements; and economic performance. Other folks are interest rates; inflationary charge; Real Low Domestic Product; and shareholder-level taxes. Expense in wall street game is long term in characteristics; any expansion that could affect the stability in the polity or economy generally has severe impact on the stock rates. In recent times, the NSE features consistently lost points as well as the prices of stocks have experienced sharp drop. The downward trend available in the market performance was attributed to different reasons in accordance with those stated by Corrado, et ing (2002) Yet , Onagoruwa (2006) was of the view that stocks with history of good performance and fundamental characteristics are good to obtain at times like this when their prices are down and more affordable since they are most likely to bounce back simply because they have the ability to absorb the depression available in the market. The injections of new funds through public offer can turn around the fortune from the market due to expected liquidity. Hence, it is important for traders to receive an understanding with the working of stock prices of quoted companies. According to the Central Lender of Nigeria (CBN) Chief of the servants, Professor Charles Soludo, traders should not worry at the present downward trends on the market arena. Appealing to all of them should be interest rates, inflation prices, liquidity, as well as the...
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International Exploration Journal of Finance and Economics - Issue 25 (2009)
Foreign Research Log of Financial and Economics - Concern 25 (2009)
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