The Relationship between Stock Return and Trading Volume in Malaysian ACE Market

Authors

  • Afiruddin Tapa
  • Maziah Hussin

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. 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 efficient market hypothesis.

Keywords: stock return, trading volume, Malaysian ACE market

JEL Classifications: G1, G12

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Published

2016-11-20

How to Cite

Tapa, A., & Hussin, M. (2016). The Relationship between Stock Return and Trading Volume in Malaysian ACE Market. International Journal of Economics and Financial Issues, 6(7S), 271–278. Retrieved from https://www.econjournals.com/index.php/ijefi/article/view/3619