Twist-of-the-Monday Effect: Evidence from United State and 18 Selected: European union stock markets

Chee, Ricky Chee Jiun and Ye, Lim Shiok (2011) Twist-of-the-Monday Effect: Evidence from United State and 18 Selected: European union stock markets. Economics Bulletin, 31 (4). pp. 3113-3122. ISSN 1545-2921

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Abstract

This study found evidence on the twist-of-the-Monday effect, where returns on Mondays are influenced by the previous week's returns in Finland, Greece, Hungary, Netherlands, Portugal and Sweden stock markets. Interestingly, the tendency to follow previous week return is not limited to Monday only. Friday returns are also found to be influenced by the market performance of the previous week in Finland and Poland stock markets. Thus, international investors may benefit from the twist-of-the-Monday effect in developing a suitable trading strategy to obtain extra returns from these markets.

Item Type: Article
Uncontrolled Keywords: Stock markets, European union stock markets
Subjects: H Social Sciences > HG Finance > HG1-9999 Finance > HG4501-6051 Investment, capital formation, speculation > HG4551-4598 Stock exchanges
Divisions: SCHOOL > Labuan School of International Business and Finance
Depositing User: ADMIN ADMIN
Date Deposited: 09 May 2012 15:33
Last Modified: 31 Aug 2021 11:23
URI: http://eprints.ums.edu.my/id/eprint/4108

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