A Study of the Performance of the Malaysian Stock Market in Relation to Selected Stock Markets in the Far East and New York.

Othman Yong

Abstract


Kertas ini cuba menentukan kesahihan kepercayaan umum yang mengatakan bahwa prestasi sesebuah pasaran - pasaran saham utama di dunia. Kajian ini memberi fokus kepada prestasi Bursa Saham Kuala Lumpur berbanding dengan prestasi pasaran-pasaran saham Hong Kong, Tokyo, New Yirk dan Singapura. Kaedah korelasi digunakan untuk menentukan kesahihan pendapat ini. Keputusan yang didapati menunjukkan bahawa korelasi yang terdapat tidaklah tinggi sebagaimana yang dipercayai umum. Di samping itu, ujian - t menunjukkan bahwa perbezaan pualangan purata antara bursa -bursa saham ini adalah tidak ketara.

ABSTRACT

This paper attempted to determine the validity of the general belief that the performance of a stock market is highly influenced by other major stock markets in the world. The study is focused on the performance of Kuala Lumpur Stock Exchange in relation to the performances of major stock exchanges, namely the markets of Hong Kong, Tokyo, New York and Singapore. The correlation was used to determine the validity of this claim. The results show that the relationship are not as high as generally believed. In addition, t - test shows that the average returns among these stock exchanges are not significantly diferent.


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