ISSN: 2222-6990
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This research is an attempt to initiate a theoretical interrelationship global market indices and commodities towards KLCI index over the period 2016-2020. The stock market performance can be evaluate using a variety of indicators to identify the present situation of the economy, whether the country is worth investing in or should be avoided, and to indicate the economy's overall health. The dependent variable used in this study is KLCI index while for an independent variables are Dow Jones Industrial Average Index (DJIA), SSE Composite Index (SSE), Hang Seng Index (HIS), crude oil price and gold price. The methodology used for this study focused on descriptive analysis, correlation analysis and multiple regression analysis. The findings of this study shows that most of the independent variables have significant relationship with dependent variable except for Gold Price (GOLD). SSE Composite Index (SSE), Hang Seng Index (HSI), Crude Oil Price (OIL) have a positive relationship with KLCI Index. Dow Jones Industrial Average Index (DJIA) and Gold Price (GOLD) have a negative relationship with KLCI Index. For future studies, the researchers can use an event study method to see the comparison of stock market performance due to Global market indices and commodities.
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In-Text Citation: (Roosdi et al., 2022)
To Cite this Article: Roosdi, M. I. D. B. M., Mustafa, N. N. S., Samsudin, S., & Razali, N. H. M. (2022). The Interrelationship of Global Market Indices and Commodities towards Malaysia Stock Market. International Journal of Academic Research in Business and Social Sciences, 12(10), 1525 – 1537.
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