Footnote:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments March 2, 2020 erstellt
Description:
In this paper, we investigate the intraday behavior of the General index of the Athens Stock Exchange. We find evidence for a U shape pattern for both returns and volatility. Returns are positive at the opening and closing phases of a trading session, with the pattern being more pronounced in specific days of the week. Subsequent analysis for bull and bear markets shows evidence of an upward and a downward return pattern, respectively