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Keywords: JSE indices
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Journal Articles
African Journal of Economic and Management Studies (2018) 9 (2): 197–212.
Published: 11 June 2018
... on the Johannesburg Stock Exchange (JSE) indices for the period March 1995-2016, using a GARCH model. Findings The findings show that, contrary to the original study, the day-of-the week effect is present in both volatility and return equations. The highest and lowest returns are observed on Monday and Friday...

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