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

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

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...

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Main Authors: Lai, Ming Ming, Balachandher, K. Guru
Format: Article
Language:English
Published: Accounting Research Institute (ARI) & Faculty of Accountancy 2007
Subjects:
Malaysia
Online Access:http://ir.uitm.edu.my/id/eprint/185/
http://ir.uitm.edu.my/id/eprint/185/1/AJ_LAI%20MING%20MING%20MAR%2007.pdf
id uitm-185
recordtype eprints
spelling uitm-1852017-06-21T07:25:31Z http://ir.uitm.edu.my/id/eprint/185/ 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 Lai, Ming Ming Balachandher, K. Guru Malaysia 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 Accounting Research Institute (ARI) & Faculty of Accountancy 2007-12 Article PeerReviewed text en http://ir.uitm.edu.my/id/eprint/185/1/AJ_LAI%20MING%20MING%20MAR%2007.pdf 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
repository_type Digital Repository
institution_category Local University
institution Universiti Teknologi MARA
building UiTM Institutional Repository
collection Online Access
language English
topic Malaysia
spellingShingle Malaysia
Lai, Ming Ming
Balachandher, K. Guru
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
description 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
format Article
author Lai, Ming Ming
Balachandher, K. Guru
author_facet Lai, Ming Ming
Balachandher, K. Guru
author_sort Lai, Ming Ming
title 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
title_short 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
title_full 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
title_fullStr 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
title_full_unstemmed 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
title_sort 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
publisher Accounting Research Institute (ARI) & Faculty of Accountancy
publishDate 2007
url http://ir.uitm.edu.my/id/eprint/185/
http://ir.uitm.edu.my/id/eprint/185/1/AJ_LAI%20MING%20MING%20MAR%2007.pdf
first_indexed 2023-09-18T22:44:12Z
last_indexed 2023-09-18T22:44:12Z
_version_ 1777417115305771008

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