An investigation of magnet effect via overnight returns: the Malaysian case

• Main Authors: Sifat, Imtiaz Mohammad, Mohamad, Azhar, Hamid, Zarinah
• Format: Article
• Language: English
• Published: Emerald Publishing Limited 2018
• Subjects: H Social Sciences (General); HG Finance; HG4501 Stocks, investment, speculation
• Online Access: http://irep.iium.edu.my/69545/1/JCMS-2018-Imitiaz%2C%20Azhar%20and%20Zarinah.pdf; http://irep.iium.edu.my/69545/; https://www.emeraldinsight.com/doi/pdfplus/10.1108/JCMS-04-2018-0012
• Institution: Universiti Islam Antarabangsa Malaysia

Purpose – Magnet effect entails a hypothesis in market microstructure entailing a systemic likelihood of prices being sucked toward the theoretical threshold. The purpose of this paper is to investigate the existence of magnet effect in Bursa Malaysia via overnight returns. Design/methodology/app...