The effect of macroeconomic factors on stock market performance in Malaysia and Philippines / Nor Hidayah Abidin

This study use the data in 1988 to 2018 which is 30 years data series in total. Software use to run the data is Eviews 9. In conclusion, the main objective of this research is to study the effect of macroeconomic factors on stock market performance in Malaysia and Philippine.
The macroeconomic variables selected are inflation (INF), money supply (MS) and gross domestic product (GDP). Based on the result, the probability of F-test for both countries are 0.000000 which is less than 5 percent of significant level. So, this shows that the null hypothesis is rejected and it can conclude there is a significance between dependent (stock market) and independent (inflation, money supply and gross domestic product) variables. From the result in both countries, gross domestic product (GDP) shows there is no significant relationship with stock market performance. Hence, there is no significant relationship between stock market performance and all macroeconomic variables chosen in Philippine. Meanwhile, the result shows that inflation and money supply had a positive effect on stock market performance in Malaysia.