The impact of Covid-19 on stock market performance: Evidence from Malaysia

This study intends to assess the impact of Covid-19 cases on the Malaysian stock market performance. There are various factors that affect the stock price, and studies have indicated that pandemic cases could also influence the level of stock market performance. By employing Johansen-Juselius cointe...

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Main Author:	Shahiran, Muhamad Fitri
Format:	Thesis
Language:	eng eng
Published:	2021
Subjects:	HG Finance
Online Access:	https://etd.uum.edu.my/10307/1/s826315_01.pdf https://etd.uum.edu.my/10307/2/s826315_02.pdf
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id	my-uum-etd.10307
record_format	uketd_dc
spelling	my-uum-etd.103072023-02-09T02:11:51Z The impact of Covid-19 on stock market performance: Evidence from Malaysia 2021 Shahiran, Muhamad Fitri Nordin, Sabariah School of Economics, Finance & Banking School of Economics, Finance and Banking HG Finance This study intends to assess the impact of Covid-19 cases on the Malaysian stock market performance. There are various factors that affect the stock price, and studies have indicated that pandemic cases could also influence the level of stock market performance. By employing Johansen-Juselius cointegration technique, this study finds that there is a long-run equilibrium relationship between FBMKLCI, total cases of Covid-19 in Malaysia, exchange rates, gold price and crude oil price. Nevertheless, results of normalized cointegration coefficients indicate that only exchange rates are found to be significant and positive in influencing the performance of the Malaysian stock market. Other variables are not significant including the total cases of Covid-19. Prior to conducting the cointegration test, all variables are exposed to unit root tests of Augmented Dickey-Fuller (ADF) and Phillip-Perron (PP). Both tests indicate that the variables are stationary at first differenced, and can proceed with the cointegration test. The implication of this study is that even though the total cases of Covid-19 does not have a significant influence on FBMKLCI, its inclusion in the model still shows that there is a cointegration relationship among the variables. This indicates in the longrun, it may influence the Malaysian stock market performance, and investors need to be aware of its existence and its potential effect. 2021 Thesis https://etd.uum.edu.my/10307/ https://etd.uum.edu.my/10307/1/s826315_01.pdf text eng 2024-12-16 staffonly https://etd.uum.edu.my/10307/2/s826315_02.pdf text eng staffonly other masters Universiti Utara Malaysia
institution	Universiti Utara Malaysia
collection	UUM ETD
language	eng eng
advisor	Nordin, Sabariah
topic	HG Finance
spellingShingle	HG Finance Shahiran, Muhamad Fitri The impact of Covid-19 on stock market performance: Evidence from Malaysia
description	This study intends to assess the impact of Covid-19 cases on the Malaysian stock market performance. There are various factors that affect the stock price, and studies have indicated that pandemic cases could also influence the level of stock market performance. By employing Johansen-Juselius cointegration technique, this study finds that there is a long-run equilibrium relationship between FBMKLCI, total cases of Covid-19 in Malaysia, exchange rates, gold price and crude oil price. Nevertheless, results of normalized cointegration coefficients indicate that only exchange rates are found to be significant and positive in influencing the performance of the Malaysian stock market. Other variables are not significant including the total cases of Covid-19. Prior to conducting the cointegration test, all variables are exposed to unit root tests of Augmented Dickey-Fuller (ADF) and Phillip-Perron (PP). Both tests indicate that the variables are stationary at first differenced, and can proceed with the cointegration test. The implication of this study is that even though the total cases of Covid-19 does not have a significant influence on FBMKLCI, its inclusion in the model still shows that there is a cointegration relationship among the variables. This indicates in the longrun, it may influence the Malaysian stock market performance, and investors need to be aware of its existence and its potential effect.
format	Thesis
qualification_name	other
qualification_level	Master's degree
author	Shahiran, Muhamad Fitri
author_facet	Shahiran, Muhamad Fitri
author_sort	Shahiran, Muhamad Fitri
title	The impact of Covid-19 on stock market performance: Evidence from Malaysia
title_short	The impact of Covid-19 on stock market performance: Evidence from Malaysia
title_full	The impact of Covid-19 on stock market performance: Evidence from Malaysia
title_fullStr	The impact of Covid-19 on stock market performance: Evidence from Malaysia
title_full_unstemmed	The impact of Covid-19 on stock market performance: Evidence from Malaysia
title_sort	impact of covid-19 on stock market performance: evidence from malaysia
granting_institution	Universiti Utara Malaysia
granting_department	School of Economics, Finance & Banking
publishDate	2021
url	https://etd.uum.edu.my/10307/1/s826315_01.pdf https://etd.uum.edu.my/10307/2/s826315_02.pdf
_version_	1776103787139694592

The impact of Covid-19 on stock market performance: Evidence from Malaysia

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