EVENT STUDY ON THE IMPACT OF THE COVID-19 OUTBREAK ON THE MALAYSIA STOCK MARKET RETURNS
This study investigates the impact of the COVID-19 outbreak on the Malaysia stock market returns. We perform an event study to investigate the effect of the announcement of the coronavirus as a global pandemic, on the stock returns. The historical stock prices in each 30 components of KLCI were anal...
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| Format: | Article |
| Language: | English |
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Universiti Teknologi MARA, Negeri Sembilan
2022-10-01
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| Series: | Journal of Academia |
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| Online Access: | https://myjms.mohe.gov.my/index.php/joa/article/view/18781 |
| _version_ | 1827278558179885056 |
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| author | Farah Hayati Binti Mustapa |
| author_facet | Farah Hayati Binti Mustapa |
| author_sort | Farah Hayati Binti Mustapa |
| collection | DOAJ |
| description | This study investigates the impact of the COVID-19 outbreak on the Malaysia stock market returns. We perform an event study to investigate the effect of the announcement of the coronavirus as a global pandemic, on the stock returns. The historical stock prices in each 30 components of KLCI were analysed. The results show that the Malaysia stock market is negatively impacted, i.e., the announcement of COVID-19 as a pandemic by WHO on 11th March 2020 has a significant effect on the Malaysia stock market returns. The study on the effect before and after the pandemic announcement also indicates that the event has significant effects on the stock price of Bursa Malaysia i.e., there is a negative sentiment that led to the decrease of the stock returns. |
| first_indexed | 2024-04-11T16:30:08Z |
| format | Article |
| id | doaj.art-2da2c167f9104911a51076da6e24d4f3 |
| institution | Directory Open Access Journal |
| issn | 2289-6368 |
| language | English |
| last_indexed | 2024-04-24T08:01:17Z |
| publishDate | 2022-10-01 |
| publisher | Universiti Teknologi MARA, Negeri Sembilan |
| record_format | Article |
| series | Journal of Academia |
| spelling | doaj.art-2da2c167f9104911a51076da6e24d4f32024-04-17T16:36:03ZengUniversiti Teknologi MARA, Negeri SembilanJournal of Academia2289-63682022-10-01102136145EVENT STUDY ON THE IMPACT OF THE COVID-19 OUTBREAK ON THE MALAYSIA STOCK MARKET RETURNSFarah Hayati Binti Mustapa 0Department of Computer & Mathematical Sciences, Universiti Teknologi MARA, Cawangan Pulau Pinang, Permatang Pauh Campus, 13500 Pulau PinangThis study investigates the impact of the COVID-19 outbreak on the Malaysia stock market returns. We perform an event study to investigate the effect of the announcement of the coronavirus as a global pandemic, on the stock returns. The historical stock prices in each 30 components of KLCI were analysed. The results show that the Malaysia stock market is negatively impacted, i.e., the announcement of COVID-19 as a pandemic by WHO on 11th March 2020 has a significant effect on the Malaysia stock market returns. The study on the effect before and after the pandemic announcement also indicates that the event has significant effects on the stock price of Bursa Malaysia i.e., there is a negative sentiment that led to the decrease of the stock returns.https://myjms.mohe.gov.my/index.php/joa/article/view/18781abnormal returns; covid-19; event study; market efficiency; stock market |
| spellingShingle | Farah Hayati Binti Mustapa EVENT STUDY ON THE IMPACT OF THE COVID-19 OUTBREAK ON THE MALAYSIA STOCK MARKET RETURNS Journal of Academia abnormal returns; covid-19; event study; market efficiency; stock market |
| title | EVENT STUDY ON THE IMPACT OF THE COVID-19 OUTBREAK ON THE MALAYSIA STOCK MARKET RETURNS |
| title_full | EVENT STUDY ON THE IMPACT OF THE COVID-19 OUTBREAK ON THE MALAYSIA STOCK MARKET RETURNS |
| title_fullStr | EVENT STUDY ON THE IMPACT OF THE COVID-19 OUTBREAK ON THE MALAYSIA STOCK MARKET RETURNS |
| title_full_unstemmed | EVENT STUDY ON THE IMPACT OF THE COVID-19 OUTBREAK ON THE MALAYSIA STOCK MARKET RETURNS |
| title_short | EVENT STUDY ON THE IMPACT OF THE COVID-19 OUTBREAK ON THE MALAYSIA STOCK MARKET RETURNS |
| title_sort | event study on the impact of the covid 19 outbreak on the malaysia stock market returns |
| topic | abnormal returns; covid-19; event study; market efficiency; stock market |
| url | https://myjms.mohe.gov.my/index.php/joa/article/view/18781 |
| work_keys_str_mv | AT farahhayatibintimustapa eventstudyontheimpactofthecovid19outbreakonthemalaysiastockmarketreturns |