The Effects of Investor Sentiment on Stock Return Indices Under Changing Market Conditions: Evidence from South Africa

The objective of the study is to examine the effects of investor sentiment on the Johannesburg Stock Exchange (JSE) index returns in bull and bear market conditions. Accordingly, this study uses monthly data to construct a new market-wide investor sentiment index and test its effects on the JSE aggr...

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Bibliographic Details
Main Authors: Fabian Moodley, Sune Ferreira-Schenk, Kago Matlhaku
Format: Article
Language:English
Published: MDPI AG 2025-04-01
Series:International Journal of Financial Studies
Subjects:
Online Access:https://www.mdpi.com/2227-7072/13/2/70
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