Behaviour of stock returns in the KLSE: a test of the random walk hypothesis

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DC Field	Value	Language
dc.contributor.author	Sanda, A. U.
dc.contributor.author	Shafie, Abdul Ghani
dc.contributor.author	Gupta, G. S.
dc.date.accessioned	2010-10-14T08:44:43Z
dc.date.available	2010-10-14T08:44:43Z
dc.date.copyright	1999
dc.date.issued	2010-10-14T08:44:43Z
dc.identifier.uri	http://hdl.handle.net/11718/9642
dc.description	Malaysian Management Journal, Vol. 3, No. 1, (June 1999), pp. 71-91	en
dc.description.abstract	A sample of 224 companies listed in the Kuala Lumpur Stock Exchange was taken for the period 1991-96. The serial correlations tests of varying lags and the runs tests were employed to test for the random walk theory. The bulk of the results tilts towards the rejection of non-randomness, lending weight to the argument that the stock market has no memory, and casting doubt upon the usefulness of technical analysis.
dc.language.iso	en	en
dc.subject	Stock	en
dc.subject	KLSE	en
dc.title	Behaviour of stock returns in the KLSE: a test of the random walk hypothesis	en
dc.type	Article	en
Appears in Collections:	Journal Articles

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