Is three day-of-the-week effect in the Malaysian stock market?

• Main Authors: Othman Yong,, Ismail Ibrahim,
• Format: Article
• Language: English
• Published: Penerbit Universiti Kebangsaan Malaysia 1999
• Online Access: http://journalarticle.ukm.my/1732/1/920-1761-1-SM.pdf; http://journalarticle.ukm.my/1732/; http://www.ukm.my/penerbit/jurus.htm

This paper looks at the issue of day-of-the-week effect in the case of the Malaysian stock market, which is an emerging stock market in the Asia-Pacific region. The study covers a period between January 1989 and December 1993, using all major indices of the KLSE. Overall, there seems to be an abnorm...