The results from these studies show that African stock markets are informationally inefficient. ... Much current research into the efficiency of African stock markets focuses on weak-form efficiency. ... of information asymmetry in the African market, market participants can make arbitrage profits applying technical analysis .
|Title||:||Market Microstructure in Emerging and Developed Markets|
|Author||:||H. Kent Baker, Halil Kiymaz|
|Publisher||:||John Wiley & Sons - 2013-07-31|