The relationship of selected benchmark index ASEAN-5 and macroeconomic variables towards Malaysia benchmark index / Luqman Haqim Abdul Malek

The relationship of the stock market between countries and macroeconomic has been investigated widely by the researchers. This study attempt to extend the knowledge of the relationship and impact of Jakarta Stock Exchange Composite Index, Stock Exchange of Thailand Index, Straits Times Index, Philippines Stock Exchange PSEi Index, Malaysia interest Treasury Bill and Malaysia Money Supply (M3) towards FTSE Bursa Malaysia Emas Index. This study were use two models which are simple linear regression and multiple linear regression to determine the relationship between variables. The result obtained in this study indicates there is a positive significant relationship between Straits Times Index and FTSE Bursa Malaysia EMAS Index while the Malaysia Interest Rate T-Bill is negative significant relationship and the rest variables are insignificant relationship. This study might be useful to the investor in making investment and can be as a guidance to help them in making investment. This study can influence them in making decision and restructuring their investment strategy to get a better return and gain more benefit.