Stock return seasonalities in low-income African emerging markets

Article Abstract:

An application of various statistical and economic tests for 'turn-of-the-year' effects in various low-income African emerging markets showed that the economy of Ghana exhibited both seasonality in stock returns as well the the presence of the so-called 'January effect'. Both the stock markets of Nigeria and Zimbabwe tested negative for both seasonality of stock returns and the January effect. The confirmatory tests on the Ghanian stock market is possibly due to the spillover effects of the listing of the Ashanti Goldfields Co. in both the Ghana and London Stock Exchanges.

Research, Economic aspects, Developing countries, Nigeria, Ghana, Zimbabwe

---

The Bombay Stock Exchange: seasonalities and investment opportunities

Article Abstract:

Correlation studies conducted on the Bombay Stock Exchange and the New York Stock Exchange to elicit subtle relationship showed that the exchanges are slightly insulated from one another. The Bombay Stock Exchange manifested seasonality in returns both in the monthly and weekly parameters. The monthly returns are highest in December, showing the end-of-the-year effect, while weekly returns are highest at week 4 and showed high return on Fridays and low returns on Mondays.

India, Capital market, Capital markets, Securities, Bombay, India

---

Similar abstracts:

• Abstracts: Structures, strategies, and performance of EC agricultural cooperatives. Managing price cycles in the Champagne industry
• Abstracts: Structural changes and strategies in the North American flour milling industry. Russian grain trading and marketing: evolution and struggles
• Abstracts: Where does it come from and where does it go? Mobilizing help. Three-way path to fair analysis of performance
• Abstracts: Statistical annex. International financial markets: statistical annex
• Abstracts: Psychometrics: science or pseudo-science? Lies that ice the careers cake

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.