Abstract

The empirical properties of stock returns are studied for 10 companies listed at the Suriname Stock Exchange (SSE), which is a young and growing stock market. Individual stock returns are found to be predictable from the own past to some extent, but the equal-weighted index returns are not. Dynamic correlations with large Latin-American stock markets appear to be zero. It is concluded that there is much more efficiency to be gained for the SSE.

Additional Metadata
Keywords emerging markets, developing countries, returns, volatility, market weak-form efficiency
JEL International Financial Markets (jel G15), Information and Market Efficiency; Event Studies (jel G14)
Persistent URL hdl.handle.net/1765/50639
Series Econometric Institute Research Papers
Note Rapport EI 2014-02
Citation
Bodeutsch, D.S, & Franses, Ph.H.B.F. (2014). The Stock Exchange of Suriname: Returns, Volatility, Correlations and Weak-form Efficiency (No. EI 2014-02). Econometric Institute Research Papers. Retrieved from http://hdl.handle.net/1765/50639