Trading Mechanisms, Return’s Volatility, and Efficiency in the Casablance Stock Exchange
| Main Authors: | Ferrouhi, El Mehdi, Ezzahid, Elhadj |
|---|---|
| Format: | Book application/pdf Journal |
| Terbitan: |
UI Scholars Hub
, 2013
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| Subjects: | |
| Online Access: |
https://scholarhub.ui.ac.id/icmr/vol5/iss2/1 https://scholarhub.ui.ac.id/cgi/viewcontent.cgi?article=1048&context=icmr |
Daftar Isi:
- This paper studies the impact of the stock market continuity on the returns volatility and on the market efficiency in the Casablanca Stock Exchange. For the most active stocks, the trading mechanism used is the continuous market which is preceded by a call market pre opening session. Results obtained concerning return volatility and efficiency under the two trading mechanisms show that the continuous market returns are more volatile than the call market returns and 50% of stocks studied show independence between variations.