Efficient market hypothesis (weak form) revisited, the case of Malaysia and a selected stock markets in the Asia-Pacific region, Britain and the United States

Abstract

This paper attempts to explore the behavior of the Malaysian stock and the conformity of the Malaysian stock market to the weak form of the EMH in comparison to selected major stock markets, in the yearly be from 1984 to 1988 rankings were assigned to these stock markets after each test performed. Conclusions were then made regarding the consistency of these markets in terms of their test results. What it means is, we would like to know Whether or not it actively traded stock market like the New York Stock Exchange will consistently perform better (as shown by the result of these tests) than a thinly traded market like the Malaysian stock market.