Purpose: As contended in prior literature, the weekend anomaly is the tendency for financial markets or security prices to be lower on Mondays than on previous Fridays. The aim of this study was to empirically investigate the weekend anomaly in seven international financial markets namely; NASDAQ Index, CAC 40 Index, DAX Index, JPX-Nikkei Index 400, SSE Index, BIST and JSE Index. Methodology: This study made use of the F-statistics test for the most recent 5 years August 22, 2017 to August 22, 2022.
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Samuel Tabot Enow (2022) studied this question.
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