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|Title:||Monday effect and Friday-Monday correlation||Authors:||Azharudin Bin Ismail
Chang Shih Khoon
Toh Wei Lin
|Keywords:||DRNTU::Business::Finance::Stock exchanges||Issue Date:||1997||Abstract:||The Monday Effect is the tendency of the prices to be the lowest on Monday amongst the trading days in the week. In this present paper, the day-of the week effects in the Singapore Stock Exchange (SES) and the New York Stock Exchange (NYSE) are examined to find out whether Singapore's Monday Effect is the result of influences from the NYSE or its existence is unique. The results from this study show that there is indeed the existence of Monday Effect unique to the Singapore stock market. The study extends further with the conclusion that after the removal of the US influence, previous Friday returns of SES stocks have a bearing on the following Monday's returns which suggest the possible explanation of the existence of the Monday Effect unique to the Singapore stock market.||Description:||63 p.||URI:||http://hdl.handle.net/10356/57813||Rights:||Nanyang Technological University||Fulltext Permission:||restricted||Fulltext Availability:||With Fulltext|
|Appears in Collections:||NBS Student Reports (FYP/IA/PA/PI)|
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