An Empirical Investigation On The Effect Of Macro Economic Factors On Stock Market Performance In Nigeria:- Ogbodo Okwudilichukwu E

ABSTRACT

The study empirically investigated the effect of macroeconomic factors on stock market performance using time series datafrom 1995 to 2017. The macroeconomic factors considered were real gross domestic product, money supply, exchange rate and interest rate, while stock market performance was measured by all share index. Multiple regression analysis was carried out on the data collected. The results showed that real gross domestic product and money supply were positive and significant in affecting stock market performance, while interest rate and exchange rate were insignificant. It was recommended among other things Government should ensure that the economy ofNigeria is well diversified by encouraging investments in other key economic sectors so as to booststock marketperformance.