ISSN: 2225-8329
Open access
The research on factors of stock market performance has been well established for many years. However, the majority of research focuses on macroeconomic aspects in the setting of industrialized countries. In light of this, the purpose of this study is to close the gap by investigating the factors that influence stock market performance in Malaysia, a developing country. More particularly, this study intends to broaden current literature studies by examining the links between the Malaysian stock market and the gold price, exchange rate, crude oil price, and the U.S. stock market performance. Multiple linear regression analysis is performed in E-views 12 using the Ordinary Least-Squares regression approach to explore hypotheses and statistical associations on a monthly basis from 2011 to 2020. The findings indicate that the performance of the U.S. stock market is positively significant to the stock market performance in Malaysia. On the other hand, this study also suggests that the exchange rate, gold price and crude oil price have a negligible link with Malaysian stock market performance. These findings may be use by investor in monitoring the stock market performance and in making investment decision.
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In-Text Citation: (Hamzah et al., 2022)
To Cite this Article: Hamzah, N. H. B., Ramlan, U. I. B., & Mahmood, C. K. (2022). The Determinants of Kuala Lumpur Composite Index (KLCI) Stock Market Performance in Malaysia. International Journal of Academic Research in Accounting Finance and Management Sciences, 12(3), 463–473.
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