Seasonal effects: Evidence from emerging African stock markets
South African Journal of Business Management
| Field | Value | |
| Title | Seasonal effects: Evidence from emerging African stock markets | |
| Creator | Mlambo, C. Biekpe, N. | |
| Description | The paper investigates seasonal effects in seventeen indices on nine African stock markets using regression analysis and the Kruskal-Wallis and Chi-square Median tests. Significant seasonal effects are found on some, but not all indices. The strongest effect observed is the month-of-the-year effect followed by the day-of-the-week effect. The West African Regional stock Exchange (BRVM) exhibited a reversed ‘December decline - January rise’ pattern, while the turn-of-the-month effect observed for Egypt disappeared after the turn-of-the-year effect was removed. Using the Kruskal-Wallis test, no seasonal effects for Namibia were found. For the other markets, at least one seasonal effect was observed, suggesting some exploitable trading opportunities. | |
| Publisher | AOSIS | |
| Date | 2006-09-30 | |
| Identifier | 10.4102/sajbm.v37i3.606 | |
| Source | South African Journal of Business Management; Vol 37, No 3 (2006); 41-52 2078-5976 2078-5585 | |
| Language | eng | |
| Relation |
The following web links (URLs) may trigger a file download or direct you to an alternative webpage to gain access to a publication file format of the published article:
https://sajbm.org/index.php/sajbm/article/view/606/536
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