Economics, Econometrics and Finance
3 years ago

Oil Prices Drive Stock Prices in Nigeria and South Africa.

2 views
SSRN Electronic Journal
Economic Fundamentals and Changes in Stock Prices: A Comparative Analysis of Nigerian and South African Stock Exchange
Obinna Amalaha

Paper Summary

The study looked at how economic factors affect stock prices in Nigeria and South Africa. They used data from 1984 to 2010 and a special math model to analyze the relationship. The results showed that changes in oil prices and industrial production have a big impact on stock prices in both countries. In Nigeria, past stock prices are important for predicting current economic factors, while in South Africa, they are not as crucial. Terrorism can lead to higher stock prices in South Africa, but not in Nigeria. Overall, economic fundamentals play a significant role in determining stock prices in both countries.

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