BRENT PRICE MOVEMENTS AND THE CHANGES IN THE NUMBER OF TRANSCATIONS IN THE NIGERIAN EQUITY MARKET

Agbo, Elias Igwebuike and ODO, John Onyemaechi (2021) BRENT PRICE MOVEMENTS AND THE CHANGES IN THE NUMBER OF TRANSCATIONS IN THE NIGERIAN EQUITY MARKET. GE-International Journal of Management Research, 9 (1). pp. 8-38. ISSN 2321-1709

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Abstract

This study investigated the impact of Brent oil price movements on the number of transactions in the Nigerian stock market. Monthly frequency data were employed and covered the period from January1997 to August, 2020. The NARDL methodology was employed for data analysis. The results of the study show that Brent price movements have positve and non-significant effect on the number of transactions in the Nigerian equity market. Also, the results indicate the absence of asymmetry and long run relationship between the variables. We recommend that Nigeria should implement strategies that will ensure stability in its capital market by vigorously pursuing progrowth policies irrespective of the movements in Brent price

Item Type: Article
Subjects: H Social Sciences > HJ Public Finance
Divisions: Faculty of Management and Social Sciences
Depositing User: mrs chioma hannah
Date Deposited: 05 Sep 2021 21:59
Last Modified: 05 Sep 2021 21:59
URI: http://eprints.gouni.edu.ng/id/eprint/3096

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