Résumé:
Through this study we tried to address the problem that revolves around studying the
relationship between the efficiency of the financial market and the market value of the stock.so
that we relied on three scientific approaches the descriptive approach due to the nature of the
study in which it dealt with the scientific aspects of the financial markets and the market values of
shares the analytical approach was used in analyzing the collected data on the algerian and
Malaysian markets by analyzing the indicators of each of the two different markets.the
comparative approach using the comparison between the Algerian and Malaysian financial market
by extracting the similarities and differences of the two countries .the share price changes rapidly
depending on the nature of the information that reaches the market .Also the availability of
information in the market in a similar manner for all dealers contributes to increasing the efficiency
of the market. For more clarification of this study . the two financial markets (Algerian and
Malaysian )and try to draw their attention to the value of the topic itself . And the necessity of
making them aware of the importance of developing capital markets and information markets .by
mentioning indicators to measure each of the two markets and to test their efficiency
