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

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.

Metadata

Item Type: Article
Creators:
Creators
Email / ID Num.
Mohamed Nasser, Farah Amira
UNSPECIFIED
Che Rosid, Che Mohamad Asyraf
UNSPECIFIED
Baharuddin, Nurul Syuhada
nurul574@tganu.uitm.edu.my
Subjects: H Social Sciences > HG Finance
H Social Sciences > HG Finance > International finance > Foreign exchange. Foreign exchange rates
H Social Sciences > HG Finance > Investment, capital formation, speculation
H Social Sciences > HG Finance > Investment, capital formation, speculation > Stock exchanges. Insider trading in securities
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)
UiTM Journal Collections: Others > Terengganu International Finance and Economics Journal (TIFEJ)
ISSN: 2232-0539
Volume: 5
Number: 1
Page Range: pp. 7-13
Keywords: Stock Index; Gross Domestic Product; Interest Rate; Inflation Rate; Exchange Rate; Unemployment Rate
Date: 2017
URI: https://ir.uitm.edu.my/id/eprint/61537
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