International Journal of Management and Applied Science (IJMAS)
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current issues
Volume-5,Issue-6  ( Jun, 2019 )
Past issues
  1. Volume-5,Issue-6  ( Jun, 2019 )
  2. Volume-5,Issue-5  ( May, 2019 )
  3. Volume-5,Issue-4  ( Apr, 2019 )
  4. Volume-5,Issue-3  ( Mar, 2019 )
  5. Volume-5,Issue-2  ( Feb, 2019 )
  6. Volume-5,Issue-1  ( Jan, 2019 )
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  8. Volume-4,Issue-11  ( Nov, 2018 )
  9. Volume-4,Issue-10  ( Oct, 2018 )
  10. Volume-4,Issue-9  ( Sep, 2018 )

Statistics report
Sep. 2019
Submitted Papers : 80
Accepted Papers : 10
Rejected Papers : 70
Acc. Perc : 12%
Issue Published : 64
Paper Published : 4050
No. of Authors : 8317
  Journal Paper




Paper Title :
Turn-of-the-Month and Holiday Effects: Evidence from the Finance Sector of Malaysia’s Stock Market

Author :Sook Ching Kok, King You Soon

Article Citation :Sook Ching Kok ,King You Soon , (2019 ) " Turn-of-the-Month and Holiday Effects: Evidence from the Finance Sector of Malaysia’s Stock Market " , International Journal of Management and Applied Science (IJMAS) , pp. 33-38, Volume-5,Issue-3

Abstract : This study investigates the presence of turn-of-the-month and holiday effects in the return series of 28 finance stocks in Malaysia’s stock market and attempts to verify the weak-form efficient market hypothesis (EMH). The findings show that three banking-related stocks are displaying anomalous patterns at turn of the month, and twenty finance stocks are showing possible abnormal returns linked to the holiday effect. Investment strategies can be formulated to benefit from the observed predictable patterns. The weak-form EMH is found to be invalid. Index Terms - Calendar anomalies, Turn-of-the-month effect, Holiday effect, Weak-form EMH

Type : Research paper


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