A study on the effect of Sarawak election towards stock market cumulative abnormal return / Johnathan Lian Laing

This study focused to determine the relationship between the Sarawak election and Kuala
Lumpur Stock Exchange (KLSE) stock market cumulative abnormal return, and the effect of
Sarawak election toward stock market cumulative for 9th,10th and 11th election. This data used
for this study is secondary data which collected from the Bursa Malaysia Knowledge Center.
generated from Thomson Router software, Google Finance, and Yahoo Finance. The data consist
of the 4320 data on daily closing price for the 3 times election assessed from Kuala Lumpur
Stock Exchange (KLSE) pick 24 Sarawak-based listed companies in the Kuala Lumpur Stock
Exchange (KLSE) Main Market from many industries such as industry product, trading/services.
plantation, property and construction. The results and finding summarize that there is a
significant relationship and the effect of Sarawak election with stock market cumulative
abnormal return. The further research suggested a new study for the similar topic with this study.