Stock Market Report for the Fourth Quarter of 1987

Authors

Central Bank of Nigeria CBN, Central Bank of Nigeria

Publisher

Central Bank of Nigeria

Keywords

Stock Market, Nigeria, Fourth Quarter

Abstract

A total of 5.9 million shares were traded in 4,752 deals in the period under review. This represents a decline of 0.6 million shares, or 9.2 per cent over the preceding quarter. The bearishness of the stock market during the review quarter emanated from the liquidity squeeze in the economy coupled with the deregulation of interest rates. Actively traded were the securities of Nigerian Breweries Ltd.: (1,204,379 shares), G. Cappa Ltd.: (793, 100 shares), Lever Brothers Nigeria Ltd.: (399,586 shares), Guinness Nigeria Ltd.: (345,465 shares) and Beecham Ltd.: (323,418 shares).

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

4

Volume

25

Recommended Citation

Central Bank of Nigeria (1987). Stock Market Report for the Fourth Quarter of 1987. CBN Economic and Financial Review. 25(4), 13-17.