Statistical Analysis of the Daily Performance of the Nigerian Stock Exchange (July 2006 - June 2007)
STATISTICAL ANALYSIS OF THE DAILY PERFORMANCE OF THE NIGERIAN STOCK EXCHANGE (JULY 2006 – JUNE 2007)
BY
IKEGWU EMMANUEL M.
F/HD/04/3740001
BEING A PROJECT PRESENTED AS A REQUIREMENT FOR THE AWARD OF HIGHER NATIONAL DIPLOMA IN STATISTICS
PRESENTED TO
THE DEPARTMENT OF STATISTICS, YABA COLLEGE OF TECHNOLOGY, YABA LAGOS.
NOVEMBER 2007.
CHAPTER ONE
1.0 INTRODUCTION
Mobilisation of resources for national development has been the central focus of development economists. As a result of this, the centrality of savings and investment in economic growth has been given considerable attention in various literatures.
According to Ekpo and Umoh (2007), for sustainable growth and development, funds must be effectively mobilized and allocated to enable businesses and the economy harness their human, material and management resources for optimum output.
The stock market therefore is an economic institution which promotes efficiency in capital formation and allocation. The stock market enables government and industries to raise long-term capital for financing new projects, and expanding and modernizing industrial/commercial concerns. It should be noted that if capital resources are not provided to these economic areas, especially industries where demand is growing and which are capable of increasing production and productivity, the rate of the expansion of the economy often suffers. Hence Ekpo and Udoh opined that a unique benefit of the stock market to corporate entities is the provision of long-term, non-debt financial capital. Through the issuance of equity securities, companies acquire perpetual capital for development. Through the provision of equity capital, the market also enables companies to avoid over-reliance on debt financing, thus developing and improving debt - to – equity ratio.
The stock market is a market for the trading of company stock and the derivatives of the same which are securities listed on a stock exchange and those traded
BY
IKEGWU EMMANUEL M.
F/HD/04/3740001
BEING A PROJECT PRESENTED AS A REQUIREMENT FOR THE AWARD OF HIGHER NATIONAL DIPLOMA IN STATISTICS
PRESENTED TO
THE DEPARTMENT OF STATISTICS, YABA COLLEGE OF TECHNOLOGY, YABA LAGOS.
NOVEMBER 2007.
CHAPTER ONE
1.0 INTRODUCTION
Mobilisation of resources for national development has been the central focus of development economists. As a result of this, the centrality of savings and investment in economic growth has been given considerable attention in various literatures.
According to Ekpo and Umoh (2007), for sustainable growth and development, funds must be effectively mobilized and allocated to enable businesses and the economy harness their human, material and management resources for optimum output.
The stock market therefore is an economic institution which promotes efficiency in capital formation and allocation. The stock market enables government and industries to raise long-term capital for financing new projects, and expanding and modernizing industrial/commercial concerns. It should be noted that if capital resources are not provided to these economic areas, especially industries where demand is growing and which are capable of increasing production and productivity, the rate of the expansion of the economy often suffers. Hence Ekpo and Udoh opined that a unique benefit of the stock market to corporate entities is the provision of long-term, non-debt financial capital. Through the issuance of equity securities, companies acquire perpetual capital for development. Through the provision of equity capital, the market also enables companies to avoid over-reliance on debt financing, thus developing and improving debt - to – equity ratio.
The stock market is a market for the trading of company stock and the derivatives of the same which are securities listed on a stock exchange and those traded
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