The interaction between gold price and FTSE KLCI price in Malaysia
This paper intends to study the interaction between FTSE KLCI price and gold price in Malaysia. It is found that there is cointegration relationship between log FTSE KLCI return and log gold return. Besides that, log gold return Granger cause log FTSE KLCI return which suggest the inclusion of both...
| Main Authors: | , |
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| Format: | Proceedings |
| Language: | English English |
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Faculty of Business, Economics and Accountancy
2021
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| Subjects: | |
| Online Access: | https://eprints.ums.edu.my/id/eprint/32226/1/The%20interaction%20between%20gold%20price%20and%20FTSE%20KLCI%20price%20in%20Malaysia.ABSTRCT.pdf https://eprints.ums.edu.my/id/eprint/32226/2/The%20interaction%20between%20gold%20price%20and%20ftse%20klci%20price%20in%20Malaysia.pdf |
| _version_ | 1796911184312532992 |
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| author | Sook, Ching Kok Qaiser Munir |
| author_facet | Sook, Ching Kok Qaiser Munir |
| author_sort | Sook, Ching Kok |
| collection | UMS |
| description | This paper intends to study the interaction between FTSE KLCI price and gold price in Malaysia. It is found that there is cointegration relationship between log FTSE KLCI return and log gold return. Besides that, log gold return Granger cause log FTSE KLCI return which suggest the inclusion of both investments in a same portfolio. This is proposed so that to have the benefit of diversification to reduce investment risk. If a rise in gold return leads to a fall in FTSE KLCI return, then the two investments can be the substitute to each other. If a rise in gold return leads to a rise in FTSE KLCI return, the two investments can be complements. |
| first_indexed | 2024-03-06T03:15:03Z |
| format | Proceedings |
| id | ums.eprints-32226 |
| institution | Universiti Malaysia Sabah |
| language | English English |
| last_indexed | 2024-03-06T03:15:03Z |
| publishDate | 2021 |
| publisher | Faculty of Business, Economics and Accountancy |
| record_format | dspace |
| spelling | ums.eprints-322262022-04-13T04:08:50Z https://eprints.ums.edu.my/id/eprint/32226/ The interaction between gold price and FTSE KLCI price in Malaysia Sook, Ching Kok Qaiser Munir HG258-312 Precious metals. Bullion QA1-43 General This paper intends to study the interaction between FTSE KLCI price and gold price in Malaysia. It is found that there is cointegration relationship between log FTSE KLCI return and log gold return. Besides that, log gold return Granger cause log FTSE KLCI return which suggest the inclusion of both investments in a same portfolio. This is proposed so that to have the benefit of diversification to reduce investment risk. If a rise in gold return leads to a fall in FTSE KLCI return, then the two investments can be the substitute to each other. If a rise in gold return leads to a rise in FTSE KLCI return, the two investments can be complements. Faculty of Business, Economics and Accountancy 2021 Proceedings PeerReviewed text en https://eprints.ums.edu.my/id/eprint/32226/1/The%20interaction%20between%20gold%20price%20and%20FTSE%20KLCI%20price%20in%20Malaysia.ABSTRCT.pdf text en https://eprints.ums.edu.my/id/eprint/32226/2/The%20interaction%20between%20gold%20price%20and%20ftse%20klci%20price%20in%20Malaysia.pdf Sook, Ching Kok and Qaiser Munir (2021) The interaction between gold price and FTSE KLCI price in Malaysia. https://www.ums.edu.my/fpep/New%20Folder%201/PROCEEDINGS_OF_3RD_INTERNATIONAL_CONFERENCE_ON_ECONOMICS_ICE2021_.pdf |
| spellingShingle | HG258-312 Precious metals. Bullion QA1-43 General Sook, Ching Kok Qaiser Munir The interaction between gold price and FTSE KLCI price in Malaysia |
| title | The interaction between gold price and FTSE KLCI price in Malaysia |
| title_full | The interaction between gold price and FTSE KLCI price in Malaysia |
| title_fullStr | The interaction between gold price and FTSE KLCI price in Malaysia |
| title_full_unstemmed | The interaction between gold price and FTSE KLCI price in Malaysia |
| title_short | The interaction between gold price and FTSE KLCI price in Malaysia |
| title_sort | interaction between gold price and ftse klci price in malaysia |
| topic | HG258-312 Precious metals. Bullion QA1-43 General |
| url | https://eprints.ums.edu.my/id/eprint/32226/1/The%20interaction%20between%20gold%20price%20and%20FTSE%20KLCI%20price%20in%20Malaysia.ABSTRCT.pdf https://eprints.ums.edu.my/id/eprint/32226/2/The%20interaction%20between%20gold%20price%20and%20ftse%20klci%20price%20in%20Malaysia.pdf |
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