The performance of Nigerian stock exchange sectoral indices.

Abstract

Stock market indices are used as a general measure of the performance of stock markets in terms of price appreciation or depreciation. This study examined the performance of indices which are important economic indicators, as they gauge the health and, very often, can predict the future direction of economic activity. In addition to the Nigerian Stock Exchange's (NSE) All-Share Index, the Central Bank of Nigeria (CBN) regularly analyzes movements in the most prominent stock indices in seventeen other nations in Africa, North America, South America, Europe and Asia. Besides movements in the overall indices, investors and policymakers are also attuned to the performance of the different sectors of the economy which are represented by sectoral indices.