Dergiler / International Journal of Economics and Financial Issues / 2016 / Cilt: 6 Sayı: 7
The Relationship between Stock Return and Trading Volume in Malaysian ACE Market
- Sayfa
- 271–278
- DOI
- —
Abstract
The relationship between stock return and trading volume in Malaysian ACE market has been analysed in this study. There are two objectives of conducting the analysis; (1) to investigate the relationship between stock return and trading volume in Malaysian ACE market, and; (2) to conclude whether the relationship of trading volume and stock return on Malaysian ACE market is consistent with the weak-form of the efficient market hypothesis (EMH). The empirical result proves a significant positive contemporaneous relationship between stock return and trading volume. Thus, the first objective is satisfied. Second objective is proven that Malaysian ACE market is contradicted with the weak-form of e-EMH.