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Seisoenale patrone in die Suid-Afrikaanse kapitaalmark
South African Journal of Business Management | Vol 24, No 4 | a876 |
DOI: https://doi.org/10.4102/sajbm.v24i4.876
| © 2018 F. S. Hattingh, E. V.D.M. Smit
| This work is licensed under CC Attribution 4.0
Submitted: 17 October 2018 | Published: 31 December 1993
Submitted: 17 October 2018 | Published: 31 December 1993
About the author(s)
F. S. Hattingh, Universiteit van Stellenbosch Bestuurskool, South AfricaE. V.D.M. Smit, Universiteit van Stellenbosch Bestuurskool, South Africa
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Seasonal patterns in the South African capital market
In this article the seasonal patterns in daily price movements of the Post Office, Eskom 168 and the RSA bonds are examined and these are compared with three equity indices namely the Gold Index, Industrial Index and Overall Index of the Johannesburg Stock Exchange. Both the South African bond and share markets display significant seasonal patterns. In contrast with international findings, it is shown that seasonal similarities exist between the bond and share markets.
In this article the seasonal patterns in daily price movements of the Post Office, Eskom 168 and the RSA bonds are examined and these are compared with three equity indices namely the Gold Index, Industrial Index and Overall Index of the Johannesburg Stock Exchange. Both the South African bond and share markets display significant seasonal patterns. In contrast with international findings, it is shown that seasonal similarities exist between the bond and share markets.
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