Tan, Ruth Seow Kuan; Tat, Wong Nee - In: Applied Financial Economics 8 (1998) 2, pp. 119-125
This study examines the daily stock returns in the Singapore market over a 20 year period from 1975 to 1994. Results indicate the existence of four calendar anomalies. They are the January effect, the day-of-the-week effect, the turn-of-the-month effect and the holiday effect. Subperiod...