Impact of Malaysia budget announcement towards Malaysia stock market / Nur Fadilah Mohamad

This paper examines the impact of Malaysia Budgets during the Premiership of Datuk Seri Najib Tun Razak from 2009 to 2013 on the stock market represented by FTSE KLCI in terms of returns and volatility. The governments have often chosen to use the Budget speech as a mechanism for announcing important new policy. The impact of FTSE KLCI has been studied prior to and subsequent to budget day. With regard to return the result proves that budgets have the significant impact on the period stated. Empirical studies reveal that stock market activities influenced by the Budget.