Performance indicators analysis of Malaysia’s stock market during COVID-19 pandemic

Chia, Zhe Yie and Kek, Sie Long and Ismail, Isaudin (2024) Performance indicators analysis of Malaysia’s stock market during COVID-19 pandemic. In: ENHANCED KNOWLEDGE IN SCIENCES AND TECHNOLOGY.

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Abstract

The emergence of COVID-19 has affected the stock market in Malaysia and the FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBMKLCI). From this point of view, stock price movement influenced by financial and non-financial performance indicators is noticed. In detail, gross domestic product, consumer price index, industrial production index and exchange rate are financial indicators. Meanwhile, the unemployment rate, number of COVID-19 cases, and number of COVID-19 deaths are non-financial indicators. In our study, three objectives are considered. The first is to test the stationarity of data collected by the Augmented Dickey-Fuller test. The second is to identify the impact of the performance indicators on the stock market by multiple linear regression analysis. The third is to determine the relationship between Malaysia’s stock market and performance indicators during the COVID-19 pandemic using the Granger causality test. From the analysis results, the multiple linear regression analysis proves that the exchange rate, unemployment rate, and COVID-19 deaths are negatively correlated with the FBMKLCI. The Granger causality test shows a unidirectional Granger relationship between CPI and FBMKLCI

Item Type:	Conference or Workshop Item (Paper)
Uncontrolled Keywords:	Performance indicators, FBMKLCI, COVID-19 pandemic, Augmented Dickey-Fuller test, multiple linear regression, Granger cusality
Subjects:	H Social Sciences > HC Economic History and Conditions
Divisions:	Faculty of Applied Science and Technology > FAST
Depositing User:	Mrs. Sabarina Che Mat
Date Deposited:	21 Apr 2025 02:54
Last Modified:	21 Apr 2025 02:54
URI:	http://eprints.uthm.edu.my/id/eprint/12219

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