Staff View: Event study on the impact of the COVID-19 outbreak on the Malaysia stock market returns / Farah Hayati Mustapa

Event study on the impact of the COVID-19 outbreak on the Malaysia stock market returns / Farah Hayati Mustapa

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 by the World Health Organization on 11th March 2020, on the KLCI stock returns. The his...

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Main Author:	Mustapa, Farah Hayati
Format:	Article
Language:	English
Published:	UiTM Cawangan Negeri Sembilan 2022
Subjects:	Statistical data Theory and method of social science statistics Consumers. Consumer demand. Consumption
Online Access:	https://ir.uitm.edu.my/id/eprint/70164/1/70164.pdf https://ir.uitm.edu.my/id/eprint/70164/
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id	my.uitm.ir.70164
record_format	eprints
spelling	my.uitm.ir.701642022-11-17T01:54:46Z https://ir.uitm.edu.my/id/eprint/70164/ Event study on the impact of the COVID-19 outbreak on the Malaysia stock market returns / Farah Hayati Mustapa Mustapa, Farah Hayati Statistical data Theory and method of social science statistics Consumers. Consumer demand. Consumption 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 by the World Health Organization on 11th March 2020, on the KLCI stock returns. The historical stock prices, before, on and after the announcement date, from each 30 components of KLCI were analysed. The results show that there is a significant difference in abnormal returns among days before and after the announcement date. Moreover, the Malaysia stock market is negatively impacted by the pandemic announcement. Therefore, we can conclude that the Malaysia stock market is inefficient at the semi-strong level and that the stock prices do not reflect the change in the stock market instantly. UiTM Cawangan Negeri Sembilan 2022 Article PeerReviewed text en https://ir.uitm.edu.my/id/eprint/70164/1/70164.pdf Event study on the impact of the COVID-19 outbreak on the Malaysia stock market returns / Farah Hayati Mustapa. (2022) Journal of Academia, 10. ISSN 2289-6368
institution	Universiti Teknologi Mara
building	Tun Abdul Razak Library
collection	Institutional Repository
continent	Asia
country	Malaysia
content_provider	Universiti Teknologi Mara
content_source	UiTM Institutional Repository
url_provider	http://ir.uitm.edu.my/
language	English
topic	Statistical data Theory and method of social science statistics Consumers. Consumer demand. Consumption
spellingShingle	Statistical data Theory and method of social science statistics Consumers. Consumer demand. Consumption Mustapa, Farah Hayati Event study on the impact of the COVID-19 outbreak on the Malaysia stock market returns / Farah Hayati Mustapa
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 by the World Health Organization on 11th March 2020, on the KLCI stock returns. The historical stock prices, before, on and after the announcement date, from each 30 components of KLCI were analysed. The results show that there is a significant difference in abnormal returns among days before and after the announcement date. Moreover, the Malaysia stock market is negatively impacted by the pandemic announcement. Therefore, we can conclude that the Malaysia stock market is inefficient at the semi-strong level and that the stock prices do not reflect the change in the stock market instantly.
format	Article
author	Mustapa, Farah Hayati
author_facet	Mustapa, Farah Hayati
author_sort	Mustapa, Farah Hayati
title	Event study on the impact of the COVID-19 outbreak on the Malaysia stock market returns / Farah Hayati Mustapa
title_short	Event study on the impact of the COVID-19 outbreak on the Malaysia stock market returns / Farah Hayati Mustapa
title_full	Event study on the impact of the COVID-19 outbreak on the Malaysia stock market returns / Farah Hayati Mustapa
title_fullStr	Event study on the impact of the COVID-19 outbreak on the Malaysia stock market returns / Farah Hayati Mustapa
title_full_unstemmed	Event study on the impact of the COVID-19 outbreak on the Malaysia stock market returns / Farah Hayati Mustapa
title_sort	event study on the impact of the covid-19 outbreak on the malaysia stock market returns / farah hayati mustapa
publisher	UiTM Cawangan Negeri Sembilan
publishDate	2022
url	https://ir.uitm.edu.my/id/eprint/70164/1/70164.pdf https://ir.uitm.edu.my/id/eprint/70164/
_version_	1751539998972182528
score	13.211869

Event study on the impact of the COVID-19 outbreak on the Malaysia stock market returns / Farah Hayati Mustapa

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