Lai, Ming Ming and Balachandher, K. Guru
(2007)
An examination of the random walk model and technical trading rules in the Malaysian stock market / Lai Ming Ming; Balachandher, K. Guru and Fauzias Mat Nor.
Malaysian Accounting Review, 6 (2).
pp. 99-121.
ISSN 1675-4077
Official URL: https://mar.uitm.edu.my/
Abstract
This paper examines the predictability of technical trading rules on the daily returns of the Kuala Lumpur Stock Exchange Composite Index for the full sample period from January 1977 to December 1999 which includes both bullish and bearish periods. The methodology employed includes both the variance ratio test and moving average rules. The results indicate nonrandomness of successive price changes. The degree of predictability is supported as the trading rules examined indicate technical attractiveness with the presence of transaction costs
Metadata
| Item Type: | Article |
|---|---|
| Creators: | Creators Email / ID Num. Lai, Ming Ming UNSPECIFIED Balachandher, K. Guru UNSPECIFIED |
| Subjects: | H Social Sciences > HG Finance > Investment, capital formation, speculation > Stock exchanges. Insider trading in securities > Malaysia |
| Divisions: | Universiti Teknologi MARA, Shah Alam > Accounting Research Institute (ARI) |
| Journal or Publication Title: | Malaysian Accounting Review |
| UiTM Journal Collections: | UiTM Journal > Management & Accounting Review (MAR) |
| ISSN: | 1675-4077 |
| Volume: | 6 |
| Number: | 2 |
| Page Range: | pp. 99-121 |
| Keywords: | Technical trading rules, Stock market, Kuala Lumpur Stock Exchange Composite Index, Malaysia |
| Date: | December 2007 |
| URI: | https://ir.uitm.edu.my/id/eprint/185 |
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