Relationship between KLSE composite index and other major indices / Ibrahim Ab. Rahman

The main objective of this study is to determine^ whether there is any relationship between Kuala Lumpur Composite Index and other major world indices. The selected bourses and indices are Tokyo Stock Exchange (Nikkei ), Hong Kong Stock Exchange ( Hang Seng ), New York Stock Exchange (...

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Main Author: Ab. Rahman, Ibrahim
Format: Student Project
Language:English
Published: 1995
Subjects:
Online Access:http://ir.uitm.edu.my/id/eprint/30979/1/IBRAHIM.pdf
http://ir.uitm.edu.my/id/eprint/30979/
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spelling my.uitm.ir.309792020-06-19T02:44:08Z http://ir.uitm.edu.my/id/eprint/30979/ Relationship between KLSE composite index and other major indices / Ibrahim Ab. Rahman Ab. Rahman, Ibrahim Stock price indexes. Stock quotations The main objective of this study is to determine^ whether there is any relationship between Kuala Lumpur Composite Index and other major world indices. The selected bourses and indices are Tokyo Stock Exchange (Nikkei ), Hong Kong Stock Exchange ( Hang Seng ), New York Stock Exchange ( Dow Jones Industrial Average ), London Stock Exchange ( FT:SE 100 ), and Stock Exchange of Singapore (SES All Shares ). A brief background of the selected bourses and computation of the indices were carried out in chapter two. Chapter three continue with the literature review from the previous studies which are considered as related to this study. Chapter four continued with the data and methodology. The data collected were the weekly closing indices of the selected indices for a period of five years from January 1989 to December 1993. There were 260 observations of closing indices for each selected indices. There are five hypotheses postulated in order to conduct a simple linear regression and correlation analysis by using the Statistical Package for Social Science (SPSS ). From the analysis carried out it can be concluded that Kuala Lumpur Composite Index is positively related to Nikkei, Hang Seng, Dow Jones Industrial Average, FT-SE 100 and SES All Shares index. However the degree of correlations is weak, except for SES All Shares which shows a strong relationship with correlation coefficient of 0.7222. Therefore it can be concluded that information on performance of other major bourses should be considered in making investment decision in Kuala Lumpur Stock Exchange. 1995-05 Student Project NonPeerReviewed text en http://ir.uitm.edu.my/id/eprint/30979/1/IBRAHIM.pdf Ab. Rahman, Ibrahim (1995) Relationship between KLSE composite index and other major indices / Ibrahim Ab. Rahman. [Student Project] (Unpublished)
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 Stock price indexes. Stock quotations
spellingShingle Stock price indexes. Stock quotations
Ab. Rahman, Ibrahim
Relationship between KLSE composite index and other major indices / Ibrahim Ab. Rahman
description The main objective of this study is to determine^ whether there is any relationship between Kuala Lumpur Composite Index and other major world indices. The selected bourses and indices are Tokyo Stock Exchange (Nikkei ), Hong Kong Stock Exchange ( Hang Seng ), New York Stock Exchange ( Dow Jones Industrial Average ), London Stock Exchange ( FT:SE 100 ), and Stock Exchange of Singapore (SES All Shares ). A brief background of the selected bourses and computation of the indices were carried out in chapter two. Chapter three continue with the literature review from the previous studies which are considered as related to this study. Chapter four continued with the data and methodology. The data collected were the weekly closing indices of the selected indices for a period of five years from January 1989 to December 1993. There were 260 observations of closing indices for each selected indices. There are five hypotheses postulated in order to conduct a simple linear regression and correlation analysis by using the Statistical Package for Social Science (SPSS ). From the analysis carried out it can be concluded that Kuala Lumpur Composite Index is positively related to Nikkei, Hang Seng, Dow Jones Industrial Average, FT-SE 100 and SES All Shares index. However the degree of correlations is weak, except for SES All Shares which shows a strong relationship with correlation coefficient of 0.7222. Therefore it can be concluded that information on performance of other major bourses should be considered in making investment decision in Kuala Lumpur Stock Exchange.
format Student Project
author Ab. Rahman, Ibrahim
author_facet Ab. Rahman, Ibrahim
author_sort Ab. Rahman, Ibrahim
title Relationship between KLSE composite index and other major indices / Ibrahim Ab. Rahman
title_short Relationship between KLSE composite index and other major indices / Ibrahim Ab. Rahman
title_full Relationship between KLSE composite index and other major indices / Ibrahim Ab. Rahman
title_fullStr Relationship between KLSE composite index and other major indices / Ibrahim Ab. Rahman
title_full_unstemmed Relationship between KLSE composite index and other major indices / Ibrahim Ab. Rahman
title_sort relationship between klse composite index and other major indices / ibrahim ab. rahman
publishDate 1995
url http://ir.uitm.edu.my/id/eprint/30979/1/IBRAHIM.pdf
http://ir.uitm.edu.my/id/eprint/30979/
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score 13.154949