TY  - SER
AU  - Wickremasinghe Guneratne B
TI  - Seasonality of Emerging Stock Markets : Evidence from the Colombo Stock Exchange
PY  - 0000///0
CY  - 
PB  - Jun 2007
KW  - Colombo Stock Exchange
N2  - This paper examines the day of the week effect and the January effect for an emerging stock market, Colombo Stock Exchange (CSE). The results for the sample of 75 companies indicate that there are no statistically significant differences among the returns for different days of the week. Further, the analysis indicates that the returns for the month of January are not significantly different from those of the other months of the year. These results, while being consistent with the efficient market hypothesis, indicate that daily and monthly patterns of returns cannot be used to devise any method to profit from trading in shares on the CSE.
UR  - http://192.168.6.13/libsuite/mm_files/Articles/AR8968.pdf
ER  -