Inter-relationship between performance of Bursa Malaysia and foreign stock markets / T. Chantrathevi P. Thuraisingam, Tew You Hoo and Dalila Daud

This paper explores the general perception that the Malaysian stock market is influenced by leading overseas stock markets. Employing correlation analysis comparison was made between the performance ofBiirsa Malaysia's Composite Index and six stock market indices namely Straits Times Index, Ha...

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Main Authors:	P. Thuraisingam, T. Chantrathevi, Tew, You Hoo, Daud, Dalila
Format:	Article
Language:	English
Published:	Institute of Research, Development and Commercialization (IRDC) 2006
Subjects:	Malaysia
Online Access:	http://ir.uitm.edu.my/id/eprint/12976/ http://ir.uitm.edu.my/id/eprint/12976/1/AJ_T.%20CHANTRATHEVI%20P.%20THURAISINGAM%20SMRJ%2006%201.pdf

id	uitm-12976
recordtype	eprints
spelling	uitm-129762016-06-09T16:28:02Z http://ir.uitm.edu.my/id/eprint/12976/ Inter-relationship between performance of Bursa Malaysia and foreign stock markets / T. Chantrathevi P. Thuraisingam, Tew You Hoo and Dalila Daud P. Thuraisingam, T. Chantrathevi Tew, You Hoo Daud, Dalila Malaysia Malaysia This paper explores the general perception that the Malaysian stock market is influenced by leading overseas stock markets. Employing correlation analysis comparison was made between the performance ofBiirsa Malaysia's Composite Index and six stock market indices namely Straits Times Index, Hang Seng Index, Nikkei 225 Stock Average, Australia All Ordinaries Index, Dow Jones Industrial Average Index and Financial Times 100 Index. This study also seeks to determine ifthere is any significant stability ofcorrelations over time. These indices were studied over a period offifteen years from I January 1990 to 31 December 2004, beginning with the cessation oftrading ofMalaysian shares on the Singapore stock exchange, which is synonymous with the pre-Asian financial crisis period, the crisis period and a post crisis period of almost five years. The study found that the, daily returns of the Composite Index over the period is positively co-related with the foreign indices indicating that the markets were moving in the same direction, in other words there is interdependency between the stock markets. However, the low to moderate correlation refutes the belief that the Malaysian stock market is influenced by the performance ofthe major stock markets. The study also found that generally the correlations are unstable over lime. Institute of Research, Development and Commercialization (IRDC) 2006 Article PeerReviewed text en http://ir.uitm.edu.my/id/eprint/12976/1/AJ_T.%20CHANTRATHEVI%20P.%20THURAISINGAM%20SMRJ%2006%201.pdf P. Thuraisingam, T. Chantrathevi and Tew, You Hoo and Daud, Dalila (2006) Inter-relationship between performance of Bursa Malaysia and foreign stock markets / T. Chantrathevi P. Thuraisingam, Tew You Hoo and Dalila Daud. Social and Management Research Journal, 3 (1). pp. 113-122. ISSN 1675-7017
repository_type	Digital Repository
institution_category	Local University
institution	Universiti Teknologi MARA
building	UiTM Institutional Repository
collection	Online Access
language	English
topic	Malaysia Malaysia
spellingShingle	Malaysia Malaysia P. Thuraisingam, T. Chantrathevi Tew, You Hoo Daud, Dalila Inter-relationship between performance of Bursa Malaysia and foreign stock markets / T. Chantrathevi P. Thuraisingam, Tew You Hoo and Dalila Daud
description	This paper explores the general perception that the Malaysian stock market is influenced by leading overseas stock markets. Employing correlation analysis comparison was made between the performance ofBiirsa Malaysia's Composite Index and six stock market indices namely Straits Times Index, Hang Seng Index, Nikkei 225 Stock Average, Australia All Ordinaries Index, Dow Jones Industrial Average Index and Financial Times 100 Index. This study also seeks to determine ifthere is any significant stability ofcorrelations over time. These indices were studied over a period offifteen years from I January 1990 to 31 December 2004, beginning with the cessation oftrading ofMalaysian shares on the Singapore stock exchange, which is synonymous with the pre-Asian financial crisis period, the crisis period and a post crisis period of almost five years. The study found that the, daily returns of the Composite Index over the period is positively co-related with the foreign indices indicating that the markets were moving in the same direction, in other words there is interdependency between the stock markets. However, the low to moderate correlation refutes the belief that the Malaysian stock market is influenced by the performance ofthe major stock markets. The study also found that generally the correlations are unstable over lime.
format	Article
author	P. Thuraisingam, T. Chantrathevi Tew, You Hoo Daud, Dalila
author_facet	P. Thuraisingam, T. Chantrathevi Tew, You Hoo Daud, Dalila
author_sort	P. Thuraisingam, T. Chantrathevi
title	Inter-relationship between performance of Bursa Malaysia and foreign stock markets / T. Chantrathevi P. Thuraisingam, Tew You Hoo and Dalila Daud
title_short	Inter-relationship between performance of Bursa Malaysia and foreign stock markets / T. Chantrathevi P. Thuraisingam, Tew You Hoo and Dalila Daud
title_full	Inter-relationship between performance of Bursa Malaysia and foreign stock markets / T. Chantrathevi P. Thuraisingam, Tew You Hoo and Dalila Daud
title_fullStr	Inter-relationship between performance of Bursa Malaysia and foreign stock markets / T. Chantrathevi P. Thuraisingam, Tew You Hoo and Dalila Daud
title_full_unstemmed	Inter-relationship between performance of Bursa Malaysia and foreign stock markets / T. Chantrathevi P. Thuraisingam, Tew You Hoo and Dalila Daud
title_sort	inter-relationship between performance of bursa malaysia and foreign stock markets / t. chantrathevi p. thuraisingam, tew you hoo and dalila daud
publisher	Institute of Research, Development and Commercialization (IRDC)
publishDate	2006
url	http://ir.uitm.edu.my/id/eprint/12976/ http://ir.uitm.edu.my/id/eprint/12976/1/AJ_T.%20CHANTRATHEVI%20P.%20THURAISINGAM%20SMRJ%2006%201.pdf
first_indexed	2023-09-18T22:49:39Z
last_indexed	2023-09-18T22:49:39Z
_version_	1777417458179637248

Inter-relationship between performance of Bursa Malaysia and foreign stock markets / T. Chantrathevi P. Thuraisingam, Tew You Hoo and Dalila Daud

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