Evidence on the Day-of-the-Week Effect and Asymmetric Behavior in the Bombay Stock Exchange

• Main Authors: Chia, Ricky Chee-Jiun, Liew, Venus Khim-Sen
• Format: E-Article
• Language: English
• Published: IUP Publications 2010
• Subjects: HB Economic Theory
• Online Access: http://ir.unimas.my/id/eprint/18633/7/Evidence%20on%20the%20Day%3Bof%3Bthe%3BWeek%20Effect%20%28abstract%29.pdf; http://ir.unimas.my/id/eprint/18633/; http://www.iupindia.in/1005/ijaf.asp
• Institution: Universiti Malaysia Sarawak

This study examines the existence of day-of.the~week effect and asymmetrical market behavior in the Bombay Stock Exchange (BSE) over the post-9/11 and post-9/11 sub-periods. This study found the existence of significant positive Monday effect and negative Friday effect during the pre-9/l1 sub-period...