Discovering the Link between Investor Attention and Trade Volume in the Philippine Stock Exchange

Authors

Patrick Allan G. Morando, De La Salle University, ManilaFollow
Isabel Louise D. Banico, De La Salle University, ManilaFollow
Martin Stevens C. Ng, De La Salle University, ManilaFollow
Riggs Mattieu M. Villardo, De La Salle University, ManilaFollow

Document Type

Policy Brief

Publication Date

10-2020

Place of Publication

DLSU-Angelo King Institute, Room 223, LS building, 2401 Taft Avenue, Manila 0922

Abstract

Investors regard trade volume as a crucial technical indicator that can confirm trends, predict trend reversals, and determine liquidity (Westerhoff, 2006; Mahender et al., 2014). Trade volume is reported throughout the current trading day as often as once an hour; however, the reported hourly and end-of-the-day trade volumes are merely estimates. Actual and final trade volumes are reported the following day. Given the relative inconsistency of reported trade volumes and uncertainty of future trade volumes, investors miss the opportunity to reinforce their trading decisions through the trade volume indicator.

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Recommended Citation

Morando, P. G., Banico, I. D., Ng, M. C., & Villardo, R. M. (2020). Discovering the Link between Investor Attention and Trade Volume in the Philippine Stock Exchange. Retrieved from https://animorepository.dlsu.edu.ph/res_aki/118

Disciplines

Portfolio and Security Analysis

Keywords

trade; stock exchange; PSEi

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