Relation between macroeconomic variables and ASEAN stock index/ Farah Amira Mohamed Nasser, Che Mohamad Asyraf Che Rosid and Nurul Syuhada Baharuddin

Mohamed Nasser, Farah Amira and Che Rosid, Che Mohamad Asyraf and Baharuddin, Nurul Syuhada (2017) Relation between macroeconomic variables and ASEAN stock index/ Farah Amira Mohamed Nasser, Che Mohamad Asyraf Che Rosid and Nurul Syuhada Baharuddin. Terengganu International Finance and Economics Journal (TIFEJ), 5 (1). pp. 7-13. ISSN 2232-0539

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Abstract

The changes in macroeconomic variables can give an effect to the fluctuation in securities trade. This phenomenon will surely give impact to the stock market index and will resulting in more trading occurred in the stock exchange market. Therefore, this study investigates the impact of macroeconomics variables to the stock index for ASEAN countries. The relationships between stock index and several macroeconomics variables are analyzed for five ASEAN countries including Malaysia, Singapore, Indonesia, Philippines and Thailand. Five macroeconomics variables which are gross domestic product, interest rate, inflation rate, exchange rate and unemployment rate are used to explain the variation of the stock index. Using yearly data and generalized least squares regressions, the results show strong significant relationships of all the macroeconomic variables to the stock index.

Item Type: Article
Creators:
CreatorsEmail
Mohamed Nasser, Farah AmiraUNSPECIFIED
Che Rosid, Che Mohamad AsyrafUNSPECIFIED
Baharuddin, Nurul Syuhadanurul574@tganu.uitm.edu.my
Subjects: H Social Sciences > HB Economic Theory. Demography > Macroeconomics
H Social Sciences > HG Finance > Investment, capital formation, speculation > Stock price indexes. Stock quotations
Divisions: Universiti Teknologi MARA, Terengganu > Dungun Campus > Faculty of Business and Management
Journal or Publication Title: Terengganu International Finance and Economics Journal (TIFEJ)
ISSN: 2232-0539
Volume: 5
Number: 1
Page Range: pp. 7-13
Item ID: 22661
Uncontrolled Keywords: Stock index; gross domestic product; interest rate; inflation rate; exchange rate; unemployment rate
Last Modified: 03 Feb 2019 04:22
Depositing User: Perpustakaan Cendekiawan UiTM Caw Terengganu
URI: http://ir.uitm.edu.my/id/eprint/22661

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