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Trends and Calendar Effects in Malaysia Stock Market

In: Business and Management

Submitted By hanishusni
Words 4125
Pages 17
Trends and Calendar effects in Malaysia Stock Market
Mahmoud Khalid Almsafir
Nur Hanis Hazwani Binti Husni
Ayman Abdalmajeed Ahmad Al-smadi
Graduate Business School, College Of Graduate Studies, Universiti Tenaga Nasional, Jalan IKRAM-UNITEN, 43000 Kajang, Selangor, Malaysia.,,


Investing can help a person's wealth to generate more, and investing in stock is proven as one of the most profitable forms of available investment. The benefits gained in stock broking are immediate Buy/Sell which investor can sell part of their investment any time and at low transaction cost. However, investing in stock will require investor to observe the market, as market can be a volatile place and investor need to acquire knowledge of what they actually are doing. This study will discuss the price trends over the year, and how it will get affected by the seasonality in Malaysia, which also known as the calendar effects. The factor to be investigated in this study is the price on holiday’s season, the January effect or any other monthly seasonality. The daily price of KPJ Healthcare Berhad for the year 2011 is the sample was chosen in this study. Further this study, data used is derived from the weak-form efficient markets hypothesis, which is the price history and case study. Regression method is used in this study in order to help achieving the findings. This should be a continuous study, and adding on more other factors, such as wars and economic crises, and traders, investors and other speculators.

Keywords: Stock, Malaysia, Calendar effect, Investment and KPJ Healthcare Berhad

1.0 INTRODUCTION Calendar effects is an anthology of various theories that believe on certain days, months or times of year will be in the above-average or below-average price changes in market indexes, which...

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