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https://library.cbn.gov.ng:8443/jspui/handle/123456789/355| Title: | Developments in the stock market during the fourth quarter of 1989. |
| Authors: | Gener al Economic Statistics Office, Statistics and Econometrics Division, Research Department |
| Keywords: | Nigerian Stock Exchange (NSE), Federal Government stocks, Share price index, Industrial loans, Second-Tier Securities Market (SSM). |
| Issue Date: | Dec-1989 |
| Publisher: | Central Bank of Nigeria, Research Department. |
| Citation: | Gener al Economic Statistics Office, Statistics and Econometrics Division (1989). Developments in the stock market during the fourth quarter of 1989 . Economic and Financial Review, 27(4), 15-20. |
| Series/Report no.: | Vol. 27;No. 4 |
| Abstract: | Trading on the Nigerian Stock Exchange (NSE) was sluggish as total stocks traded declined from 124.7 million in the 8902 deals in the third quarter of 1989 to 85.0 million in 8379 deals. However, the paper explains that, compared with the fourth quarter of 1988 when only 14.9 million stocks exchanged hands in 6558 deals, the volume of stocks sold recorded an appreciable improvement. The decline in the volume Federal Government stocks sold, coupled with the closure of business activities during the public holidays in the fourth quarter of 1989, largely accounted for the fall in the volume of stocks traded. |
| URI: | http://library.cbn.gov.ng:8092/jspui/handle/123456789/355 |
| ISSN: | 1957 - 2968 |
| Appears in Collections: | Economic and Financial Review |
Files in This Item:
| File | Description | Size | Format | |
|---|---|---|---|---|
| Developments in the stock market during the fourth quarter of 1989.pdf | 124.77 kB | Adobe PDF |  View/Open |
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