The Day-of-the-week Effect in the Hang Seng Index

Chia, Ricky Chee-Jiun and Liew, Venus Khim-Sen and Syed Azizi Wafa, Syed Khalid Wafa (2015) The Day-of-the-week Effect in the Hang Seng Index. The Empirical Economics Letters, 14 (2). ISSN 1681-8997

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Official URL: https://www.researchgate.net/publication/301548746

Abstract

This study finds the existence of Friday effect in the return of Hang Seng Index. This finding implies that the Hong Kong Stock market is inefficient with respect to price information. Besides, the Hang Seng Index returns are predictable and hence profitable trading strategies can be developed. Thus, investors could use the day-of-the-week effect information when investing in the Hong Kong stock market.

Item Type: E-Article
Uncontrolled Keywords: Day-of-the-week-effect, Hang Seng Index, research, Universiti Malaysia Sarawak, unimas, university, universiti, Borneo, Malaysia, Sarawak, Kuching, Samarahan, ipta, education
Subjects: H Social Sciences > H Social Sciences (General)
Divisions: Academic Faculties, Institutes and Centres > Faculty of Economics and Business
Depositing User: ROSSAZANA AB RAHIM
Date Deposited: 09 Oct 2017 03:59
Last Modified: 09 Oct 2017 03:59
URI: http://ir.unimas.my/id/eprint/17988

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