International records / OpenAlex research

Weak Form Efficiency of the Nigerian Stock Market: Further Evidence

This study provides further evidence on the weak form efficiency of the Nigerian stock market, that is, whether security prices on the Nigerian stock market adjust to historical price information. Using correlation analysis, monthly stock returns data over the period January 1981–December 1992 were employed in the analysis. The results provided support for the work of Samuels and Yacout (1981) and Ayadi (1983), that is, the Nigerian stock market appears to be efficient in the weak form. — Cet article traite de la faible efficacité de la Bourse des valeurs du Nigeria, à savoir que, à partir de …