Seasonality in the Vietnam Stock Index

H. Swint Friday and Nhung Hoang

The International Journal of Business and Finance Research, 2015, vol. 9, issue 1, 103-112

Abstract: This study examines seasonality in the Vietnam Stock Market Index over 10 years, since the market’s establishment on July 28th, 2000 until December 31st, 2010. The study found significant positive returns in April and significant negative returns in July for the VN-Index. Also, the Halloween Effect or Go away in May come back Halloween Day effect is observed in the Vietnam Stock Market Index. The authors posit these results are partially driven by the rainy season in Vietnam where monthly rainfall reaches up to 1000 mm.

Keywords: Halloween Effect; January Effect; Seasonality; Vietnam Stock Market (search for similar items in EconPapers)
JEL-codes: G11 G14 (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:ibf:ijbfre:v:9:y:2015:i:1:p:103-112

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