The relationship between macroeconomic variable and Tenaga Nasional Berhad (TNB) shares / Amirah Fatin Mohamad

Macroeconomics applies an overview perspective to an economy by examining economy wide variables, such as inflation, unemployment, growth of the economy, money supply and national income for developing country. This macroeconomic variable will be affect to the shares prices positively or negatively. These studies are focusing and elaborate more about the relationship between macroeconomic variable (inflation rate, unemployment rate, Consumer price index) and TNB shares. The monthly closing price of TNB shares in 5 year’s period of study from 1January 2006 until 31 December 2010 were collected and the findings reveals that only CPI has significant related to TNB shares while other variables not.