dc.contributor.author | King’ori, Edith N. | |
dc.date.accessioned | 2013-05-11T10:09:07Z | |
dc.date.available | 2013-05-11T10:09:07Z | |
dc.date.issued | 1995-10 | |
dc.identifier.uri | http://erepository.uonbi.ac.ke:8080/xmlui/handle/123456789/21933 | |
dc.description.abstract | Investors are interested in the stock returns as these determine how much they can expect to
receive from their investment. But growth in the firm's earnings power alone does not
guarantee good returns to the investor.· This is mainly because the stock returns are also
influenced by time. It is therefore important for investors to understand the behaviour of the
stock market in order to gain an insight on their expected returns from stocks.
The objective of this study was to establish if the Nairobi Stock Exchange (NSE) exhibits the
monthly and quarterly seasonalities. A sample of 42 equity stocks traded at NSE was tested
for equality (or difference) between the sample mean returns.
The results of this study showed.that NSE mean stock returns are equal over the months and
quarters tested. Hence time does not appear to be a good indicator of stock returns at NSE.
These results are attributed mainly to the short period of five years covered in the study. A
longer period of at least ten years would probably produce different results. | en |
dc.description.sponsorship | University of Nairobi | en |
dc.language.iso | en | en |
dc.subject | Nairobi Stock Exchange (NSE) | en |
dc.subject | Seasonalities | en |
dc.subject | Empirical study | en |
dc.title | Stock market seasonalities at the Nairobi Stock Exchange | en |
dc.title.alternative | An empirical study | en |
dc.type | Thesis | en |
local.publisher | School of Business, University of Nairobi | en |