Capital market

Commerce SSS3 First Term

WEEK 6

Capital market

Performance Objectives

The student should be able to:

      1. Explain capital market.

     2. Trace the historical development of capital market.

Content

Definition of Capital Market

The Capital market is a financial market where medium and long term funds for industrial development are mobilized and traded. The traders (players) in this market are known as operators. The operators act as intermediaries between the fund raisers and fund users (buyers).

Examples of Capital Market Operators

These include:  

1. Exchanges

2. Brokers

3. Dealers

4. Issuing Houses

5. Registrars

6.  Insurance Advisors

7. Securities

Historical Development of the Capital Market

Development of Loan Stock 1946

The origins of Nigerians Capital Market date back…