KOGI STATE

Faculty of Management Sciences

Journal of MANAGEMENT

ISSN: 3212 - 3122

Ibeabuchi-Ani Ogechi; Useh, Udeme Francis and Asuaiko, Augustine Gabriel

Abstract

The study examined the impact of systematic risk on stock market performance in Nigeria, over a period of 23 years, from 2000 to 2023. Specifically, it determined the impact of systematic risk on All Share Index in Nigeria and also evaluated the impact of systematic risk on market capitalization in Nigeria. The ex-post facto research design was adopted. The data were sourced from Central Bank of Nigeria Statistical bulletin Vol. 53, No 5. Regression analysis was used to analyse the stated hypotheses. The result shows that systematic risk has positive and significant impact on All Share Index in Nigeria. In addition, systematic risk has positive and significant impact on market capitalization in Nigeria. The study recommended that Central Bank of Nigeria should implement policies that will enhance the effectiveness of macroeconomic variables to reduce risk level in the stock market.

Download

Keywords

Systematic Risk, Stock Market Performance, Market Capitalization and All Share Index

Full Article