holiday effect

Holiday Effect

The tendency for a stock market to gain on the final trading day before an exchange-mandated long weekend or holiday such as Labor Day or Christmas. The holiday effect can be beneficial for traders, who may buy a security in the days leading up to the last trading day and then sell for a higher price on the final day. See also: Calendar effects.

holiday effect

The unusually good performance by stocks on the day prior to market-closing holidays.
References in periodicals archive ?
He added air fares are also set to keep a lid on CPI, as the Easter holiday effect disappears.
He added that air fares are also set to keep a lid on CPI for now, as the Easter holiday effect disappears.
An Empirical Note on the Holiday Effect in the Australian Stock Market, 1996-2006.
As part of an ERC advanced grant, my laboratory has shown that BRAF inhibitor withdrawal in melanomas that have developed resistance to BRAF inhibitors leads to a transient growth arrest that is the consequence of temporary hyperactivation of signaling through the MAP kinase pathway, explaining the so called drug holiday effect .
Our test represents a greater challenge than prior work on the cultural holiday effect, which almost exclusively focuses on a single New Year holiday in one or multiple markets.
5 percent on-month in February after sliding 2 percent in January, but the February rebound was attributed to temporary factors, including the Lunar New Year's holiday effect, the low base effect and rising inventory among manufacturers.
Because of the public holiday effect, aircraft movements at FRA dropped by 2.
Cathay Pacific General Manager Revenue Management James Tong said: "Year-on-year comparisons for January's passenger business are distorted by the holiday effect - last year the Chinese New Year peak was in January while this year the holiday fell in February.
Vicky Redwood, chief UK economist at Capital Economics, said: "The economy should rebound in the third quarter as the bank holiday effect unwinds and any Olympics boost comes through.
She added: "GDP should rebound in the third quarter as the bank holiday effect unwinds and any boost to the Olympics comes through.
But Al Loughani, Al Saad, and Ali (2005) do not report the presence of any holiday effect for Kuwait, nor does Al-Khazali (2008) find a day-of-the-week effect for the United Arab Emirates stock markets.
With this I measure the impact of the three explanatory variables--weekend effect, holiday effect and official holiday effect--on total daily hospital admissions.