Noise trading and stock return on the Vietnamese stock market


Authors

  • Nguyen Thu Hoai Thang Long University
  • Vu Thi Kim Lan Thang Long University
DOI: https://doi.org/10.57110/vnu-jeb.v4i5.321

Keywords:

Sentiment, behavioral finance, stock return, noise trading, individual investors

Abstract

The study examines the impact of noise trading on stock returns and trading volume. The investor sentiment index is constructed as a representative of noise trading. Based on data collected using the text language analysis techniques, the author tests a regression model to explain the impact of investor sentiment on stock returns and stock trading volume on Vietnam stock market. As a result, investor sentiment has a positive impact in the same period on stock returns and stock trading volume. Therefore, investors can use the investor sentiment index as a tool in technical analysis when making decisions.

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25-10-2024

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How to Cite

Nguyen Thu Hoai, & Vu Thi Kim Lan. (2024). Noise trading and stock return on the Vietnamese stock market. VNU JOURNAL OF ECONOMICS AND BUSINESS, 4(5), 21. https://doi.org/10.57110/vnu-jeb.v4i5.321

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