The relationship between macroeconomic and stock market return in Malaysia / Farah Nabila Jaafar Sidek

This study investigates the relationship of selected macroeconomic variables on stock market return. However, most studies focused on developed countries, and only some studies focused on developing countries like Malaysia. Thus, this paper aims to identify which macroeconomic factors are significan...

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Main Author:	Jaafar Sidek, Farah Nabila
Format:	Thesis
Language:	English
Published:	2017
Subjects:	Macroeconomics
Online Access:	https://ir.uitm.edu.my/id/eprint/94242/1/94242.pdf
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id	my-uitm-ir.94242
record_format	uketd_dc
spelling	my-uitm-ir.942422024-05-29T16:40:22Z The relationship between macroeconomic and stock market return in Malaysia / Farah Nabila Jaafar Sidek 2017-07 Jaafar Sidek, Farah Nabila Macroeconomics This study investigates the relationship of selected macroeconomic variables on stock market return. However, most studies focused on developed countries, and only some studies focused on developing countries like Malaysia. Thus, this paper aims to identify which macroeconomic factors are significant to the stock market return. The dependent variable for this paper is KLCI stock market return, and the independent variables are the four selected macroeconomic factors, namely interest rate, exchange rate, money supply, and oil price. The sample data is collected in monthly basis, which comprises of 10-year period starting from January 2007 until December 2016. The total observation for this study is 120 observations. In order to generate the result, Econometric software or E Views 9.5 was used. The data are analyzed by using the Ordinary Least Square (OLS) method. The result from the analysis shows that exchange rate and oil price are significant to the stock market return. Exchange rate is found to have a negative relationship with the stock market return. In contrast, oil price seems to have a positive relationship with stock market return. However, interest rate and money supply do not have a significant on stock market return. 2017-07 Thesis https://ir.uitm.edu.my/id/eprint/94242/ https://ir.uitm.edu.my/id/eprint/94242/1/94242.pdf text en public degree Universiti Teknologi MARA, Johor Bachelor of Business Administration (HONS) Finance Romli, Nurulashikin Mohamed Yousop, Nur Liyana Misman, Faridah Najuna
institution	Universiti Teknologi MARA
collection	UiTM Institutional Repository
language	English
advisor	Romli, Nurulashikin Mohamed Yousop, Nur Liyana Misman, Faridah Najuna
topic	Macroeconomics
spellingShingle	Macroeconomics Jaafar Sidek, Farah Nabila The relationship between macroeconomic and stock market return in Malaysia / Farah Nabila Jaafar Sidek
description	This study investigates the relationship of selected macroeconomic variables on stock market return. However, most studies focused on developed countries, and only some studies focused on developing countries like Malaysia. Thus, this paper aims to identify which macroeconomic factors are significant to the stock market return. The dependent variable for this paper is KLCI stock market return, and the independent variables are the four selected macroeconomic factors, namely interest rate, exchange rate, money supply, and oil price. The sample data is collected in monthly basis, which comprises of 10-year period starting from January 2007 until December 2016. The total observation for this study is 120 observations. In order to generate the result, Econometric software or E Views 9.5 was used. The data are analyzed by using the Ordinary Least Square (OLS) method. The result from the analysis shows that exchange rate and oil price are significant to the stock market return. Exchange rate is found to have a negative relationship with the stock market return. In contrast, oil price seems to have a positive relationship with stock market return. However, interest rate and money supply do not have a significant on stock market return.
format	Thesis
qualification_level	Bachelor degree
author	Jaafar Sidek, Farah Nabila
author_facet	Jaafar Sidek, Farah Nabila
author_sort	Jaafar Sidek, Farah Nabila
title	The relationship between macroeconomic and stock market return in Malaysia / Farah Nabila Jaafar Sidek
title_short	The relationship between macroeconomic and stock market return in Malaysia / Farah Nabila Jaafar Sidek
title_full	The relationship between macroeconomic and stock market return in Malaysia / Farah Nabila Jaafar Sidek
title_fullStr	The relationship between macroeconomic and stock market return in Malaysia / Farah Nabila Jaafar Sidek
title_full_unstemmed	The relationship between macroeconomic and stock market return in Malaysia / Farah Nabila Jaafar Sidek
title_sort	relationship between macroeconomic and stock market return in malaysia / farah nabila jaafar sidek
granting_institution	Universiti Teknologi MARA, Johor
granting_department	Bachelor of Business Administration (HONS) Finance
publishDate	2017
url	https://ir.uitm.edu.my/id/eprint/94242/1/94242.pdf
_version_	1804889925584158720

The relationship between macroeconomic and stock market return in Malaysia / Farah Nabila Jaafar Sidek

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