This paper examines the Weak-Form Efficient Market Hypothesis across time for the Nigerian Stock Exchange (NSE) by hypothesizing Normal Distribution and Random walk in periodic return series. Monthly all share indices of the NSE are examined for three periods including January 1985 to December 1992, January 1993 to December 1999, and January 2000 to December 2007. Our Normality tests are conducted using Skewness, Kurtosis, Kolmogorov-Smirnov, and Q-Q Normal Chart; whereas Random walk is tested using the non-parametric Runs test. Results of the Normality tests show that returns from NSE do not follow normal distribution in all the periods. Runs test results reject the randomness of the return series of the NSE in the periods studied. Overall...
The study aimed to test whether the Nairobi Securities Exchange Market is efficient in the weak form...
The paper investigates the weak-form efficiency of ten African stock markets using the runs test met...
Partial fulfillment for the degree of Masters of Business AdministrationThis paper conducts a number...
This paper examines the Weak-Form Efficient Market Hypothesis across time for the Nigerian Stock Exc...
This paper examines the Weak-Form Efficient Market Hypothesis across time for the Nigerian Stock Exc...
This research was an investigation to prove empirically the existence in the Nigeria Stock Exchange ...
The Efficient Market Hypothesis (EMH) has been a subject of considerable debates in developed econom...
This study examined the weak- form efficiency of the Nigerian stock market. This was done by using ...
The paper examined the weak-form efficient market hypothesis in the Nigerian stock market, using a s...
The Random Walk approach was employed to test the Weak-Form Efficient Market Hypothesis (EMH) in the...
The efficiency of a capital market is important if savers funds are to be channeled to the highest v...
The paper investigates the weak-form efficiency of ten African stock markets using the runs test met...
This paper evaluates the insurance sector of Nigeria Stock Exchange (NSE) for evidence weak-form eff...
The purpose of this study is to examine the weak-form market efficiency hypothesis (EMH) for 8 Afric...
Abstract The study investigated if the Nigerian stock market (NSM) is weak and inefficient from1990...
The study aimed to test whether the Nairobi Securities Exchange Market is efficient in the weak form...
The paper investigates the weak-form efficiency of ten African stock markets using the runs test met...
Partial fulfillment for the degree of Masters of Business AdministrationThis paper conducts a number...
This paper examines the Weak-Form Efficient Market Hypothesis across time for the Nigerian Stock Exc...
This paper examines the Weak-Form Efficient Market Hypothesis across time for the Nigerian Stock Exc...
This research was an investigation to prove empirically the existence in the Nigeria Stock Exchange ...
The Efficient Market Hypothesis (EMH) has been a subject of considerable debates in developed econom...
This study examined the weak- form efficiency of the Nigerian stock market. This was done by using ...
The paper examined the weak-form efficient market hypothesis in the Nigerian stock market, using a s...
The Random Walk approach was employed to test the Weak-Form Efficient Market Hypothesis (EMH) in the...
The efficiency of a capital market is important if savers funds are to be channeled to the highest v...
The paper investigates the weak-form efficiency of ten African stock markets using the runs test met...
This paper evaluates the insurance sector of Nigeria Stock Exchange (NSE) for evidence weak-form eff...
The purpose of this study is to examine the weak-form market efficiency hypothesis (EMH) for 8 Afric...
Abstract The study investigated if the Nigerian stock market (NSM) is weak and inefficient from1990...
The study aimed to test whether the Nairobi Securities Exchange Market is efficient in the weak form...
The paper investigates the weak-form efficiency of ten African stock markets using the runs test met...
Partial fulfillment for the degree of Masters of Business AdministrationThis paper conducts a number...