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ABSTRACT
This study examine the impact of Trade openness on stock market performance in Nigeria over the time period (2010-2022). The goal of the study is to ascertain the effect of trade openness, foreign direct investment, foreign portfolio investment and real gross domestic product on stock market performance in Nigeria. The study employs OLS 14 economic technique and descriptive statistics for empirical estimation of the model. The outcome of the study posited that the association between foreign direct investment and the Nigerian economy is unfavorable and statistically negligible, there is a positive and statistically significant association between foreign portfolio investment and the Nigerian economy, market capitalization and economic growth in Nigeria have a positive but statistically insignificant association, and trade openness and economic growth in Nigeria have a favorable and statistically significant link. The study recommends that a stable political condition and good economic policies of the governments will attract more foreign portfolio investment which brings economic prosperity in the country and living condition of the people of the country get better by high foreign portfolio investment in the country, The stock market needs more international participation, which might be accomplished by more openness, Decisionmakers and authorities must develop policies that encourage investment, and to assure the efficiency of the policy tools in accomplishing the targeted macroeconomic goals in the nation, authorities should search for measures to strengthen the functioning mechanisms of the capital market, particularly against fraudulence, lastly, Nigeria’s market capitalisation, trade openness, and foreign portfolio investment should all be increased.
