The determinant of stock market fluctuation in Malaysia

The stock market fluctuation is the problem that often happened in any countries in the world and it will affect the country’s economy. This study in order to investigate the stock market fluctuation in Malaysia, the study using FBMKLCI as the indicator to measure the fluctuation of stock market in Malaysia. The determinant that affect the stock market are interest rate, exchange rate, money supply and consumer price index. The data consists from May 2008 until May 2018. Based on the result obtained in this study indicate that there are 3 variables that have significant effect toward Kuala Lumpur Composite Index (KLCI) which is Interest rate, Exchange rate and Consumer price index meanwhile Money supply indicate an insignificant effect toward Kuala Lumpur Composite Index (KLCI). This study will provide a further explanation on the stock market fluctuation in Malaysia.