Determinants of stock market returns in Malaysia: evidence from FTSE KLCI / Muhammad Fadzli Kadir

The stock market was one of indicators in determining the future economy of a country. Bearish in the stock market refers to there is unfavourable signal to the economy while bullish in the stock market refers to there is positive outlook in future economy of a country. The trend of the major stock...

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Main Author:	Kadir, Muhammad Fadzli
Format:	Student Project
Language:	English
Published:	Faculty of Business and Management 2018
Subjects:	Malaysia Stock price indexes. Stock quotations
Online Access:	http://ir.uitm.edu.my/id/eprint/20935/ http://ir.uitm.edu.my/id/eprint/20935/1/PPb_MUHAMMAD%20FADZLI%20KADIR%20M%20BM%2018_5.pdf

id	uitm-20935
recordtype	eprints
spelling	uitm-209352018-09-08T06:58:56Z http://ir.uitm.edu.my/id/eprint/20935/ Determinants of stock market returns in Malaysia: evidence from FTSE KLCI / Muhammad Fadzli Kadir Kadir, Muhammad Fadzli Malaysia Stock price indexes. Stock quotations The stock market was one of indicators in determining the future economy of a country. Bearish in the stock market refers to there is unfavourable signal to the economy while bullish in the stock market refers to there is positive outlook in future economy of a country. The trend of the major stock market index gives a perception to local and foreign direct portfolio investment towards a county and determining the determinants of stock market returns will help them in making investment decisions. This study highlighted the significant determinants in determining future movements of stock market returns in Malaysia. The quarterly time series data span over the period of the first quarter of 2008 to the first quarter of 2017 was used for this study. This study employed the Ordinary Least Squared (OLS) approach to testify all the research objectives by employing FTSE KLCI as the proxy for stock market returns in Malaysia. The trend for FTSE KLCI had been fluctuated since Global Financial Crisis 2008. The research objectives focused on testing the selected determinants of stock market returns in Malaysia such as exchange rate of Malaysia ringgit to 1 U.S. dollar (USD/MYR), Gross Domestic Product (GDP) in millions Malaysia ringgit, interest rate proxied by Malaysia Treasury Bill Band 4 (68 to 91 days to maturity) and crude oil price proxied by Crude Oil West Texas Intermediate (WTI) spot cushing U.S. dollar per barrel. It was revealed that the exchange rate, the GDP and the interest rate had significant impact in determining stock market returns in Malaysia. Faculty of Business and Management 2018 Student Project NonPeerReviewed text en http://ir.uitm.edu.my/id/eprint/20935/1/PPb_MUHAMMAD%20FADZLI%20KADIR%20M%20BM%2018_5.pdf Kadir, Muhammad Fadzli (2018) Determinants of stock market returns in Malaysia: evidence from FTSE KLCI / Muhammad Fadzli Kadir. [Student Project] (Unpublished)
repository_type	Digital Repository
institution_category	Local University
institution	Universiti Teknologi MARA
building	UiTM Institutional Repository
collection	Online Access
language	English
topic	Malaysia Stock price indexes. Stock quotations
spellingShingle	Malaysia Stock price indexes. Stock quotations Kadir, Muhammad Fadzli Determinants of stock market returns in Malaysia: evidence from FTSE KLCI / Muhammad Fadzli Kadir
description	The stock market was one of indicators in determining the future economy of a country. Bearish in the stock market refers to there is unfavourable signal to the economy while bullish in the stock market refers to there is positive outlook in future economy of a country. The trend of the major stock market index gives a perception to local and foreign direct portfolio investment towards a county and determining the determinants of stock market returns will help them in making investment decisions. This study highlighted the significant determinants in determining future movements of stock market returns in Malaysia. The quarterly time series data span over the period of the first quarter of 2008 to the first quarter of 2017 was used for this study. This study employed the Ordinary Least Squared (OLS) approach to testify all the research objectives by employing FTSE KLCI as the proxy for stock market returns in Malaysia. The trend for FTSE KLCI had been fluctuated since Global Financial Crisis 2008. The research objectives focused on testing the selected determinants of stock market returns in Malaysia such as exchange rate of Malaysia ringgit to 1 U.S. dollar (USD/MYR), Gross Domestic Product (GDP) in millions Malaysia ringgit, interest rate proxied by Malaysia Treasury Bill Band 4 (68 to 91 days to maturity) and crude oil price proxied by Crude Oil West Texas Intermediate (WTI) spot cushing U.S. dollar per barrel. It was revealed that the exchange rate, the GDP and the interest rate had significant impact in determining stock market returns in Malaysia.
format	Student Project
author	Kadir, Muhammad Fadzli
author_facet	Kadir, Muhammad Fadzli
author_sort	Kadir, Muhammad Fadzli
title	Determinants of stock market returns in Malaysia: evidence from FTSE KLCI / Muhammad Fadzli Kadir
title_short	Determinants of stock market returns in Malaysia: evidence from FTSE KLCI / Muhammad Fadzli Kadir
title_full	Determinants of stock market returns in Malaysia: evidence from FTSE KLCI / Muhammad Fadzli Kadir
title_fullStr	Determinants of stock market returns in Malaysia: evidence from FTSE KLCI / Muhammad Fadzli Kadir
title_full_unstemmed	Determinants of stock market returns in Malaysia: evidence from FTSE KLCI / Muhammad Fadzli Kadir
title_sort	determinants of stock market returns in malaysia: evidence from ftse klci / muhammad fadzli kadir
publisher	Faculty of Business and Management
publishDate	2018
url	http://ir.uitm.edu.my/id/eprint/20935/ http://ir.uitm.edu.my/id/eprint/20935/1/PPb_MUHAMMAD%20FADZLI%20KADIR%20M%20BM%2018_5.pdf
first_indexed	2023-09-18T23:05:31Z
last_indexed	2023-09-18T23:05:31Z
_version_	1777418456054890496

Determinants of stock market returns in Malaysia: evidence from FTSE KLCI / Muhammad Fadzli Kadir

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