Stock price behavior in Malaysia

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Please use this identifier to cite or link to this item: http://hdl.handle.net/11718/2226

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DC Field	Value	Language
dc.contributor.author	Gupta, G. S.
dc.contributor.author	Kok, Chee Hong
dc.date.accessioned	2010-04-17T05:50:56Z
dc.date.available	2010-04-17T05:50:56Z
dc.date.copyright	1994-10
dc.date.issued	2010-04-17T05:50:56Z
dc.identifier.uri	http://hdl.handle.net/11718/2226
dc.description.abstract	The paper examines the validity of the three theories of stock price behaviour in Malaysia: Efficient Market Hypothesis (EMH)/Random Walk Hypothesis (RWH), Technical Analysis and the Fundamental Theory. The sample consists of the Malaysian stock market indices, Singapore stock market price index, USA Dow Jones Industrial Average, Japan Nikkei index and stock prices of 30 Malaysia companies across various sectors, annual data of 1982 through 1993, and weekly data of period 1977 through April 1994. The correlation analysis, time series analysis and multiple regression techniques have been employed to analyse the data. The findings support the usefulness of the technical analysis and fundamental approach to stock pricing and reject the efficient market hypothesis for Malaysia.	en
dc.language.iso	en	en
dc.relation.ispartofseries	WP;1994/1216
dc.subject	Stock Price Behaviour - theory	en
dc.title	Stock price behavior in Malaysia	en
dc.type	Working Paper	en
Appears in Collections:	Working Papers

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