Stock Market Report for the Second Quarter of 1987

Authors

Central Bank of Nigeria CBN, Central Bank of Nigeria

Publisher

Central Bank of Nigeria

Keywords

Stock Market, Nigeria, Second Quarter

Abstract

Transaction in equity on the NigeriaJ1 Stock Exchange declined during the second quarter when the number of equities traded fell from 5.5 million in 5 333 deals in the first quarter, to 5.4 million in 4,605 deals. 'The decline con: trasted with a substantial increase of 73.4 per cent over the 3.1 million shares swapped in the corresponding quarter of 1986. The factor responsible for the slump in trading activities during the review period was poor corporate trading results in some quoted companies.

Author Bio

The authors are staff of the General Economic Statistics Office, Statistics and Econometrics Division, Research Department, Central Bank of Nigeria

Publication Title

CBN Economic and Financial Review

Issue

2

Volume

25

Recommended Citation

Central Bank of Nigeria (1987). Stock Market Report for the Second Quarter of 1987. CBN Economic and Financial Review. 25(2), 14-17.