The Day-of-the-week Effect in the Hang Seng Index
This study finds the existence of Friday effect in the return of Hang Seng Index. This finding implies that the Hong Kong Stock market is inefficient with respect to price information. Besides, the Hang Seng Index returns are predictable and hence profitable trading strategies can be developed. Thus...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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EconBiz
2015
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| Subjects: | |
| Online Access: | http://ir.unimas.my/id/eprint/17988/ http://ir.unimas.my/id/eprint/17988/1/5718adf508ae30c3f9f18743.pdf |
| _version_ | 1848838411351228416 |
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| author | Chia, Ricky Chee-Jiun Liew, Venus Khim-Sen Syed Azizi Wafa, Syed Khalid Wafa |
| author_facet | Chia, Ricky Chee-Jiun Liew, Venus Khim-Sen Syed Azizi Wafa, Syed Khalid Wafa |
| author_sort | Chia, Ricky Chee-Jiun |
| building | UNIMAS Institutional Repository |
| collection | Online Access |
| description | This study finds the existence of Friday effect in the return of Hang Seng Index. This finding implies that the Hong Kong Stock market is inefficient with respect to price information. Besides, the Hang Seng Index returns are predictable and hence profitable trading strategies can be developed. Thus, investors could use the day-of-the-week effect information when investing in the Hong Kong stock market. |
| first_indexed | 2025-11-15T06:55:08Z |
| format | Article |
| id | unimas-17988 |
| institution | Universiti Malaysia Sarawak |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T06:55:08Z |
| publishDate | 2015 |
| publisher | EconBiz |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | unimas-179882017-10-09T03:59:17Z http://ir.unimas.my/id/eprint/17988/ The Day-of-the-week Effect in the Hang Seng Index Chia, Ricky Chee-Jiun Liew, Venus Khim-Sen Syed Azizi Wafa, Syed Khalid Wafa H Social Sciences (General) This study finds the existence of Friday effect in the return of Hang Seng Index. This finding implies that the Hong Kong Stock market is inefficient with respect to price information. Besides, the Hang Seng Index returns are predictable and hence profitable trading strategies can be developed. Thus, investors could use the day-of-the-week effect information when investing in the Hong Kong stock market. EconBiz 2015-02 Article PeerReviewed text en http://ir.unimas.my/id/eprint/17988/1/5718adf508ae30c3f9f18743.pdf Chia, Ricky Chee-Jiun and Liew, Venus Khim-Sen and Syed Azizi Wafa, Syed Khalid Wafa (2015) The Day-of-the-week Effect in the Hang Seng Index. The Empirical Economics Letters, 14 (2). ISSN 1681-8997 https://www.researchgate.net/publication/301548746 |
| spellingShingle | H Social Sciences (General) Chia, Ricky Chee-Jiun Liew, Venus Khim-Sen Syed Azizi Wafa, Syed Khalid Wafa The Day-of-the-week Effect in the Hang Seng Index |
| title | The Day-of-the-week Effect in the Hang Seng Index |
| title_full | The Day-of-the-week Effect in the Hang Seng Index |
| title_fullStr | The Day-of-the-week Effect in the Hang Seng Index |
| title_full_unstemmed | The Day-of-the-week Effect in the Hang Seng Index |
| title_short | The Day-of-the-week Effect in the Hang Seng Index |
| title_sort | day-of-the-week effect in the hang seng index |
| topic | H Social Sciences (General) |
| url | http://ir.unimas.my/id/eprint/17988/ http://ir.unimas.my/id/eprint/17988/ http://ir.unimas.my/id/eprint/17988/1/5718adf508ae30c3f9f18743.pdf |