Abstract

It is aimed in this study to analyze the relationship between the stock markets in Africa (Egypt, Kenya, Morocco, Nigeria and South Africa). The sample used in the study is beginning from 2009 to 2018 in a weekly data range. The main findings in the study are: (1) price indices of Casablanca stock exchange are not influenced by other stock markets in the long run (2) Egyptian stock market can be used to predict the Kenyan stock market but not Morocco, South Africa, or Nigeria, (3) South African stock market can be used to predict the Egyptian, Nigerian, and Kenya stock markets, and (4) Johannesburg stock exchange plays a vital role in effecting the stock prices of other African countries.

Details

Title
Relationship between Stock Markets in Africa: A Case of Five Selected Countries
Author
Abdifitah Mohamed Jama Deer; Koy, Ayben
Pages
167-186
Section
Articles
Publication year
2019
Publication date
Oct 2019
Publisher
Istanbul Commerce Üniversity, Faculty of Social Sciences
e-ISSN
21499608
Source type
Scholarly Journal
Language of publication
English
ProQuest document ID
2301398087
Copyright
© 2019. This work is published under http://creativecommons.org/licenses/by-nc/4.0/ (the “License”). Notwithstanding the ProQuest Terms and Conditions, you may use this content in accordance with the terms of the License.