Determinants of stock market performance in Malaysia / Anis Thuraya Aminuddin Shah and Anisa Razana Karya

Aminuddin Shah, Anis Thuraya and Karya, Anisa Razana (2019) Determinants of stock market performance in Malaysia / Anis Thuraya Aminuddin Shah and Anisa Razana Karya. [Student Project] (Unpublished)

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Abstract

For years, the study of determinants for stock market performance are well-documented. However, most of the studies are focus on the macroeconomic factors in the developed country context. In light of this, this study intends to bright the gap by examining the determinants that affect the stock market performance in developing country namely Malaysia. More specifically, this study aims to extend the current literature reviews by including exchange rate, inflation rate, crude oil price, money supply and U.S. stock market performance in determining the relationships with the Malaysian stock market performance. By using Ordinary Least-Square regression method in E-views, multiple linear regression analysis is performed to examine the hypotheses and statistical relationships in a quarterly basis from quarter 1 of 1992 until quarter 4 of 2017. The results conclude that exchange rate, crude oil price has significant negative relationship with Malaysian stock market performance while money supply and U.S. stock have significant positive relationship with Malaysian stock market performance. On the other hand, this research also indicates that inflation variable have an insignificant negative relationship with Malaysian stock market performance. These result would give better understanding and should be useful for further studies, policymakers and investors.

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Item Type: Student Project
Creators:
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Aminuddin Shah, Anis Thuraya
UNSPECIFIED
Karya, Anisa Razana
UNSPECIFIED
Subjects: H Social Sciences > HB Economic Theory. Demography > Macroeconomics
H Social Sciences > HB Economic Theory. Demography > Income. Factor shares
H Social Sciences > HG Finance > Investment, capital formation, speculation
H Social Sciences > HG Finance > Investment, capital formation, speculation > Stock price indexes. Stock quotations
Divisions: Universiti Teknologi MARA, Melaka > Bandaraya Melaka Campus > Faculty of Business and Management
Item ID: 23440
Uncontrolled Keywords: Stock market; Performance; Macroeconomic factors
URI: https://ir.uitm.edu.my/id/eprint/23440

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