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

Yıl 2016, Cilt: 6 Sayı: 7, 271 - 278, 01.10.2016

Afiruddin Tapa Maziah Hussin

Öz

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.

Anahtar Kelimeler

stock return, trading volume, Malaysian ACE market