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The Impact of the COVID-19 Pandemic on the Malaysian Stock Market

The COVID-19 pandemic has been shattering the world since the beginning of 2020 and has caused an enormous impact on the stock markets. Malaysia, a small and open economy, was equally affected by the pandemic. This is reflected in the Movement Control Order (MCO) implementation, which ceased most of...

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Main Authors: Zulkefly, Abdul Karim, Lay, Qin Yi, Bakri, Abdul Karim, Siti Farah, Dilla Zakaria
Format: Book Chapter
Language:English
Published: SpringerLink 2024
Subjects:
HG Finance
Online Access:http://ir.unimas.my/id/eprint/44264/1/Bakri_crypto.pdf
http://ir.unimas.my/id/eprint/44264/
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spelling my.unimas.ir-442642024-12-27T09:08:41Z http://ir.unimas.my/id/eprint/44264/ The Impact of the COVID-19 Pandemic on the Malaysian Stock Market Zulkefly, Abdul Karim Lay, Qin Yi Bakri, Abdul Karim Siti Farah, Dilla Zakaria HG Finance The COVID-19 pandemic has been shattering the world since the beginning of 2020 and has caused an enormous impact on the stock markets. Malaysia, a small and open economy, was equally affected by the pandemic. This is reflected in the Movement Control Order (MCO) implementation, which ceased most of the economic activities and consequently affected the Malaysian stock market. Therefore, this study aims to examine the impact of COVID-19 on the FTBM Kuala Lumpur Composite Index (KLCI) and 13 other sectoral indices using the Autoregressive Distributed Lag (ARDL) model. Using the sample period from 5 February 2020 to 31 December 2020, the main results showed that the increase in COVID-19 cases in Malaysia and globally still positively impacted the KLCI and all sectoral indices during this period. The findings of this study bring implications for investors, investment institutions, and policymakers in the following aspects. First, this study helps investors in determining strategies to manage their portfolios. This study also assists investment institutions in identifying risks in each sector during the pandemic. Finally, this study helps policymakers set policies to maintain stock market stability while facing market shocks like this pandemic. This study is relevant in increasing perspectives to help all stakeholders execute the best decisions, especially with the COVID-19 pandemic still active worldwide SpringerLink 2024-01-31 Book Chapter PeerReviewed text en http://ir.unimas.my/id/eprint/44264/1/Bakri_crypto.pdf Zulkefly, Abdul Karim and Lay, Qin Yi and Bakri, Abdul Karim and Siti Farah, Dilla Zakaria (2024) The Impact of the COVID-19 Pandemic on the Malaysian Stock Market. In: Contemporary Issues in Finance, Investment and Banking in Malaysia. SpringerLink, pp. 65-79. ISBN ISBN 978-981-99-5446-9
institution Universiti Malaysia Sarawak
building Centre for Academic Information Services (CAIS)
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Malaysia Sarawak
content_source UNIMAS Institutional Repository
url_provider http://ir.unimas.my/
language English
topic HG Finance
spellingShingle HG Finance
Zulkefly, Abdul Karim
Lay, Qin Yi
Bakri, Abdul Karim
Siti Farah, Dilla Zakaria
The Impact of the COVID-19 Pandemic on the Malaysian Stock Market
description The COVID-19 pandemic has been shattering the world since the beginning of 2020 and has caused an enormous impact on the stock markets. Malaysia, a small and open economy, was equally affected by the pandemic. This is reflected in the Movement Control Order (MCO) implementation, which ceased most of the economic activities and consequently affected the Malaysian stock market. Therefore, this study aims to examine the impact of COVID-19 on the FTBM Kuala Lumpur Composite Index (KLCI) and 13 other sectoral indices using the Autoregressive Distributed Lag (ARDL) model. Using the sample period from 5 February 2020 to 31 December 2020, the main results showed that the increase in COVID-19 cases in Malaysia and globally still positively impacted the KLCI and all sectoral indices during this period. The findings of this study bring implications for investors, investment institutions, and policymakers in the following aspects. First, this study helps investors in determining strategies to manage their portfolios. This study also assists investment institutions in identifying risks in each sector during the pandemic. Finally, this study helps policymakers set policies to maintain stock market stability while facing market shocks like this pandemic. This study is relevant in increasing perspectives to help all stakeholders execute the best decisions, especially with the COVID-19 pandemic still active worldwide
format Book Chapter
author Zulkefly, Abdul Karim
Lay, Qin Yi
Bakri, Abdul Karim
Siti Farah, Dilla Zakaria
author_facet Zulkefly, Abdul Karim
Lay, Qin Yi
Bakri, Abdul Karim
Siti Farah, Dilla Zakaria
author_sort Zulkefly, Abdul Karim
title The Impact of the COVID-19 Pandemic on the Malaysian Stock Market
title_short The Impact of the COVID-19 Pandemic on the Malaysian Stock Market
title_full The Impact of the COVID-19 Pandemic on the Malaysian Stock Market
title_fullStr The Impact of the COVID-19 Pandemic on the Malaysian Stock Market
title_full_unstemmed The Impact of the COVID-19 Pandemic on the Malaysian Stock Market
title_sort impact of the covid-19 pandemic on the malaysian stock market
publisher SpringerLink
publishDate 2024
url http://ir.unimas.my/id/eprint/44264/1/Bakri_crypto.pdf
http://ir.unimas.my/id/eprint/44264/
_version_ 1819914970610008064
score 13.223943

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