Impact of COVID-19: evidence from Malaysian stock market / Mohamad Firdaus Jopri
The purpose of this study is to evaluate the performance of Malaysian stock market. We have investigated whether the global pandemic Covid-19 really affected the Malaysian stock market. The pandemic Covid-19 has been chosen in our study because the impact of the pandemic is shocking globally. Many s...
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| Format: | Thesis |
| Language: | English |
| Published: |
2021
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| Subjects: | |
| Online Access: | https://ir.uitm.edu.my/id/eprint/106356/1/106356.pdf |
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| Summary: | The purpose of this study is to evaluate the performance of Malaysian stock market. We have investigated whether the global pandemic Covid-19 really affected the Malaysian stock market. The pandemic Covid-19 has been chosen in our study because the impact of the pandemic is shocking globally. Many sectors affected by the pandemic. The dependent variable used to conduct this study is KLCI Index, while the independent variables used are Covid-19 cases in Malaysia, Covid-19 cases in China, Covid-19 cases in United States, CBOE VIX Index and Brent Crude Oil Price. The time series data is used based on a year daily data in 2020 from 1 st January 2020 to 31 st December 2020 to evaluate the relationship between the independent variables and dependent variable. The financial data of KLCI Index, CBOE VIX Index and Brent Crude Oil Price is taken from investing.com while the Covid-19 cases is taken from DataStream. Furthermore, based on previous study by Jais L. Y. (2020), we found that the results showed the number of Covid-19 cases in Malaysia adversely affected the performance of Malaysian stock market same as the CBOE Volatility Index which tends to adversely affected the Malaysian stock market performance. Covid-19 cases in Malaysia and CBOE Volatility Index showed a negative and significant relationship towards KLCI Index. Meanwhile, Brent Crude Oil Price did not adversely affect the performance of Malaysian stock market as we got a result ofpositive and significant towards KLCI Index similar with the results by previous study by (Jais L. Y. , 2020). |
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