Simple Experiment to test the impact of Significant News Events to Stock Trading at Colombo Stocks Exchange in 2017 – A data mining approach
Stock market is an integral part of any economy and often reflects the performance of the respective economy and un-doubtfully, external forces play a major role in the performance of the stock market. Although, the impact of these factors are not clearly visible or directly attributable as financial performances of listed companies or industries, suggesting a prevailing issue in predicting stock market solely on financial performance. A typical example in the local domain is the record for the highest stock trade on 9th January 2015 in the aftermath of the Presidential election for the year 2015. A similar case in the global context is with the election of Trump in the US. Therefore, in order to understand this effect, we – a group of 3, engaged in a small experiment using data mining considering ‘How Colombo Stock Market is affected by the local news events in Sri Lanka’. The variation in Stock prices in CSE in 2015. The highest recorded around the Election days in January