ABSTRACT

The study investigated the impact of stock market activities on economic growth in Nigeria. The stock market plays a vital role in the economy of both developed and developing economic growth in Nigeria, to ascertain the impact of share price index on Nigeria’s economic growth and to evaluate the impact of turnover on the Nigerian economic growth. To achieve the objectives of the study, ex-post facto research design data was used countries. It has been asserted that there is a direct link between capital market activities and economic growth of a nation. From past trends in major economics of the world, there is also an observable link between stock market activities and economic stability. However, the major objectives of the study are to ascertain the impact of market capitalization on the In testing the hypotheses, ordinary least square regression analysis was used. The findings revealed that Share price index, market capitalization and market turnover has a significant impact on Nigeria economic growth The researcher recommends that The first and foremost task in increasing the demand for securities is for stock exchange market to embark on public enlightenment programmes such as lectures, symposia, workshops and seminars in order to sensitize the public on the roles of the stock market and benefits they stand to gain in availing themselves of these opportunities. The researcher further recommends that stock market regulators should therefore address policy issues that are capable of boosting the investors’ confidence through improved policy formulation and creation of awareness. When confidence is restored the total value traded will increase significantly thus raising stock market capitalisation.