Weak-Form Efficiency in The Kuala Lumpur Stock Exchange: New Evidence

Abstract

A well-functioning capital market has an important role to play in fuser pace of economic development in a developing country like importance of the domestic financial market, of which a key area is meter. is to facilitate allocation of domestic savings and accumulation J other words, the equity market can assist economic development + facilitative mechanism to mobilize domestic funds. For the purposes Smsncial resources, proper information transfer to. the public to enable eset quickly and accordingly to perceived changes in any listed company = say investment decision will bear heavily on how resources are & prices must provide accurate signals for effective resource allocation. “perform these roles effectively, the stock market must be one that centy.