CPPL — Cherat Packaging Limited. FHAM — Habib Modarba Ltd. Ltd has launched online stock trading dec 31 services. It reserves the right to decide the criteria based on which customers would be allowed to avail of these services.
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We examine the relation between weather in New York City and intraday returns and trading patterns of NYSE stocks. While stock returns are found to be generally lower on cloudier days, cloud cover has a significant influence on stock returns only at the market open. There are significantly more seller-initiated trades when there is more cloud cover at the market open, which is consistent with the return results. Cloudy skies are associated with higher volatility and less market depth over the entire trading day. Finally, cloud cover is not significantly correlated with spread measures and turnover ratios.
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