ISSN: 2225-8329
Open access
Human capital development and health improvement are crucial goals for a sustainable and growing economy in every nation. This study's main goal is to determine how the COVID-19 pandemic has affected stock returns for healthcare companies in Malaysia. This study was conducted using a quantitative approach. In this study, secondary data collection is the main source. The sample datum selected in this study is listed healthcare industry companies in Bursa Malaysia. The data of daily stock prices and daily market indices cover the period of six- months prior to announcement and within a year, 2020, and the sampling frame of the research is taken the from Yahoo Finance Database Healthcare sectors are expected to have different impacts by the event according to different providers. Firms belonging to healthcare equipment and services are affected more compared to other healthcare providers. Although many countries have adopted similar measures to control the spread of the epidemic, these countries also have paid for the painful economic stagnation or retrogression. Once the first wave came, the panic spread quickly to the whole market investors behaved irrationally and the price fell drastically. However, the first wave effect gradually returned to normal in the following wave. The sample companies have more experience in responding to the waves and stabilizing the prices and investors reacted differently regarding the news of the second wave.
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(Ibrahim et al., 2023)
Ibrahim, K., King, C. W. K., Belen, J. F., Ling, D. H. I., & Isa, A. H. M. (2023). Effects of COVID-19 Pandemic on Stock Behaviors of Health Care Sectors in Malaysia. International Journal of Academic Research in Accounting Finance and Management Sciences, 13(4), 71–93.
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