Abstract
This study analyzes price behavior of stocks listed in the Colombo Stock Exchange (CSE) in Sri Lanka using daily closing prices of two indices, the All Share Price Index and the Sensitive Price Index, over the period January 1985 through December 1995. Results documented in the current study clearly indicate that the CSE does not conform to the weak-form of the Efficient Market Hypothesis.
Cite
CITATION STYLE
APA
Hasan, T., Samarakoon, L. P., & Hasan, S. (2011). Stock Price Behavior In A Less Devel-oped Market: Evidence From Sri Lanka. Journal of Applied Business Research (JABR), 16(2). https://doi.org/10.19030/jabr.v16i2.2033
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