Testing of weak form efficiency on selected shariah index in Bursa Malaysia / W Nurfara Anum W Mhd Kamal

The purpose of this study is to investigate the existence of Efficient Market Hypothesis (EMH) on selected Shariah Index in Bursa Malaysia. However, this study is only testing the weak form of EMH. The index chosen for this research is EMAS, HIJRAH, and MIDS CAP Index. The data was collected in for...

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Main Author:	W Mhd Kamal, W Nurfara Anum
Format:	Student Project
Language:	English
Published:	Faculty of Business and Management 2018
Subjects:	Stock exchanges. Insider trading in securities Stock price indexes. Stock quotations Kuala Lumpur. KLSE Malaysia
Online Access:	http://ir.uitm.edu.my/id/eprint/21327/ http://ir.uitm.edu.my/id/eprint/21327/7/PPb_W%20NURFARA%20ANUM%20W%20MHD%20KAMAL%20M%20BM%2018_5.pdf

id	uitm-21327
recordtype	eprints
spelling	uitm-213272018-10-23T09:40:41Z http://ir.uitm.edu.my/id/eprint/21327/ Testing of weak form efficiency on selected shariah index in Bursa Malaysia / W Nurfara Anum W Mhd Kamal W Mhd Kamal, W Nurfara Anum Stock exchanges. Insider trading in securities Stock price indexes. Stock quotations Kuala Lumpur. KLSE Malaysia The purpose of this study is to investigate the existence of Efficient Market Hypothesis (EMH) on selected Shariah Index in Bursa Malaysia. However, this study is only testing the weak form of EMH. The index chosen for this research is EMAS, HIJRAH, and MIDS CAP Index. The data was collected in for each index for daily basis from year 2013 to 2017. This study used Autoregressive Model to regress the past stock price with the current stock price. Tests employed for this study includes descriptive analysis, test for estimated empirical model, stationary tests and diagnostic tests. Result of this study reveals that for daily data, all the index has significant relationship which can be concluded as inefficiently weak. These results provide understanding towards investors, analysts and regulator in dealing with Efficient Market Hypotheses. Faculty of Business and Management 2018 Student Project NonPeerReviewed text en http://ir.uitm.edu.my/id/eprint/21327/7/PPb_W%20NURFARA%20ANUM%20W%20MHD%20KAMAL%20M%20BM%2018_5.pdf W Mhd Kamal, W Nurfara Anum (2018) Testing of weak form efficiency on selected shariah index in Bursa Malaysia / W Nurfara Anum W Mhd Kamal. [Student Project] (Unpublished)
repository_type	Digital Repository
institution_category	Local University
institution	Universiti Teknologi MARA
building	UiTM Institutional Repository
collection	Online Access
language	English
topic	Stock exchanges. Insider trading in securities Stock price indexes. Stock quotations Kuala Lumpur. KLSE Malaysia
spellingShingle	Stock exchanges. Insider trading in securities Stock price indexes. Stock quotations Kuala Lumpur. KLSE Malaysia W Mhd Kamal, W Nurfara Anum Testing of weak form efficiency on selected shariah index in Bursa Malaysia / W Nurfara Anum W Mhd Kamal
description	The purpose of this study is to investigate the existence of Efficient Market Hypothesis (EMH) on selected Shariah Index in Bursa Malaysia. However, this study is only testing the weak form of EMH. The index chosen for this research is EMAS, HIJRAH, and MIDS CAP Index. The data was collected in for each index for daily basis from year 2013 to 2017. This study used Autoregressive Model to regress the past stock price with the current stock price. Tests employed for this study includes descriptive analysis, test for estimated empirical model, stationary tests and diagnostic tests. Result of this study reveals that for daily data, all the index has significant relationship which can be concluded as inefficiently weak. These results provide understanding towards investors, analysts and regulator in dealing with Efficient Market Hypotheses.
format	Student Project
author	W Mhd Kamal, W Nurfara Anum
author_facet	W Mhd Kamal, W Nurfara Anum
author_sort	W Mhd Kamal, W Nurfara Anum
title	Testing of weak form efficiency on selected shariah index in Bursa Malaysia / W Nurfara Anum W Mhd Kamal
title_short	Testing of weak form efficiency on selected shariah index in Bursa Malaysia / W Nurfara Anum W Mhd Kamal
title_full	Testing of weak form efficiency on selected shariah index in Bursa Malaysia / W Nurfara Anum W Mhd Kamal
title_fullStr	Testing of weak form efficiency on selected shariah index in Bursa Malaysia / W Nurfara Anum W Mhd Kamal
title_full_unstemmed	Testing of weak form efficiency on selected shariah index in Bursa Malaysia / W Nurfara Anum W Mhd Kamal
title_sort	testing of weak form efficiency on selected shariah index in bursa malaysia / w nurfara anum w mhd kamal
publisher	Faculty of Business and Management
publishDate	2018
url	http://ir.uitm.edu.my/id/eprint/21327/ http://ir.uitm.edu.my/id/eprint/21327/7/PPb_W%20NURFARA%20ANUM%20W%20MHD%20KAMAL%20M%20BM%2018_5.pdf
first_indexed	2023-09-18T23:06:20Z
last_indexed	2023-09-18T23:06:20Z
_version_	1777418507537874944

Testing of weak form efficiency on selected shariah index in Bursa Malaysia / W Nurfara Anum W Mhd Kamal

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