Does the Egyptian Stock Exchange Still have a Day-End Effect? - International Journal of Business

Does the Egyptian Stock Exchange Still have a Day-End Effect?

By International Journal of Business

  • Release Date - Published: 2007-09-22
  • Book Genre: Industries & Professions
  • Author: International Journal of Business
Our rating: 5/5 stars

Score: (From 0 Ratings)

Does the Egyptian Stock Exchange Still have a Day-End Effect? International Journal of Business read online review & book description:

ABSTRACT This paper utilizes both parametric and nonparametric analysis to test whether the introduction of a volume weighted average price (VWAP) mechanism for closing a trading session on the Cairo and Alexandria Stock Exchange (CASE) has eliminated the day-end phenomenon or not. Results provide evidence that: (1) the day-end effect is still present and significant on the CASE; (2) the effect is significantly larger for stocks that are restricted by 5% price limits; and (3) counter to U.S. market data the effect is significantly higher for high-price stocks.

@2019 – Go Read a Book. All Right Reserved. goreadabook.org is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for website owners, to earn advertising fees by linking and advertising to amazon.com and any other website that may be affiliated with Amazon Service LLC Associates Program; As an Amazon Associate I earn from qualifying purchases.

Does the Egyptian Stock Exchange Still have a Day-End Effect? book review Does the Egyptian Stock Exchange Still have a Day-End Effect? ePUB; International Journal of Business; Industries & Professions books.

Post a review about this book