The stock exchange of Singapore : a price-volume analysis
This study aims to examine the relationship between price changes and volume of stocks listed on the Stock Exchange of Singapore (SES). The two main relationships to be proven in this study are the relationship between price change and volume; and the relationship between price change and volume...
| Main Authors: | , , |
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| Other Authors: | |
| Format: | Final Year Project (FYP) |
| Language: | English |
| Published: |
2014
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10356/61832 |
| _version_ | 1811696593032708096 |
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| author | Eik, Wai Kay Lee, Wei-Hong Lee, Lin-Min |
| author2 | Nanyang Business School |
| author_facet | Nanyang Business School Eik, Wai Kay Lee, Wei-Hong Lee, Lin-Min |
| author_sort | Eik, Wai Kay |
| collection | NTU |
| description | This study aims to examine the relationship between price changes and volume of stocks
listed on the Stock Exchange of Singapore (SES). The two main relationships to be
proven in this study are the relationship between price change and volume; and the
relationship between price change and volume change. Using daily share prices of the top
29 stocks according to market capitalisation values, from 1 January 1992. to 31
December 1994, the results of this study suggested that: (1) There is a positive
relationship between absolute price changes and trading volume; (2) A positive
relationship is obtained between absolute price changes and changes in trading volume;
(3) Trading volume is greater for upticks than for price downticks for a given absolute
magnitude of price change; (4) There is no significant relationship between trading
volume and the serial correlation of stock returns; (5) No significant relationship exists
between changes in trading volume and the serial correlation of stock returns. On the
whole, the results in this study are generally consistent with the empirical findings
conducted in other developing equity markets, with the exception of the relationship
between volume and serial correlation of returns. |
| first_indexed | 2024-10-01T07:41:49Z |
| format | Final Year Project (FYP) |
| id | ntu-10356/61832 |
| institution | Nanyang Technological University |
| language | English |
| last_indexed | 2024-10-01T07:41:49Z |
| publishDate | 2014 |
| record_format | dspace |
| spelling | ntu-10356/618322023-05-19T07:23:08Z The stock exchange of Singapore : a price-volume analysis Eik, Wai Kay Lee, Wei-Hong Lee, Lin-Min Nanyang Business School Andrew Lee Tong Kin DRNTU::Business This study aims to examine the relationship between price changes and volume of stocks listed on the Stock Exchange of Singapore (SES). The two main relationships to be proven in this study are the relationship between price change and volume; and the relationship between price change and volume change. Using daily share prices of the top 29 stocks according to market capitalisation values, from 1 January 1992. to 31 December 1994, the results of this study suggested that: (1) There is a positive relationship between absolute price changes and trading volume; (2) A positive relationship is obtained between absolute price changes and changes in trading volume; (3) Trading volume is greater for upticks than for price downticks for a given absolute magnitude of price change; (4) There is no significant relationship between trading volume and the serial correlation of stock returns; (5) No significant relationship exists between changes in trading volume and the serial correlation of stock returns. On the whole, the results in this study are generally consistent with the empirical findings conducted in other developing equity markets, with the exception of the relationship between volume and serial correlation of returns. ACCOUNTANCY 2014-11-06T01:06:58Z 2014-11-06T01:06:58Z 1996 1996 Final Year Project (FYP) http://hdl.handle.net/10356/61832 en Nanyang Technological University 63 p. application/pdf |
| spellingShingle | DRNTU::Business Eik, Wai Kay Lee, Wei-Hong Lee, Lin-Min The stock exchange of Singapore : a price-volume analysis |
| title | The stock exchange of Singapore : a price-volume analysis |
| title_full | The stock exchange of Singapore : a price-volume analysis |
| title_fullStr | The stock exchange of Singapore : a price-volume analysis |
| title_full_unstemmed | The stock exchange of Singapore : a price-volume analysis |
| title_short | The stock exchange of Singapore : a price-volume analysis |
| title_sort | stock exchange of singapore a price volume analysis |
| topic | DRNTU::Business |
| url | http://hdl.handle.net/10356/61832 |
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