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An Exploratory Study on the Effect of Macroeconomic Indicators on the Stock Market Performance among 6-ASEAN Countries

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Listed:
  • Zahirah Hamid Ghul
  • Zetty Zahureen Yusoff
  • Norhasimah Shaharuddin
  • Nurul Haziqah Shamsudin
  • Nik Rozila Nik Mohd Masdek

Abstract

The stock market's performance has been impacted by the global economy's recovery from the COVID-19 pandemic. This study investigates the impact of various factors on stock market performance, with a focus on the global economic recovery from the COVID-19 pandemic. The stock market has experienced positive growth, driven by low interest rates, ample liquidity, and sustained investor optimism, despite concerns over rising inflation and interest rates. This research aims to analyze stock market performance across six ASEAN countries, using a range of data sources, including historical stock prices, financial reports, and macroeconomic indicators. The findings reveal that the real exchange rate exerts the most significant influence on stock market performance. The insights from this study provide valuable information for investors, policymakers, and government bodies, aiding in strategic decision-making and investment planning in these markets.

Suggested Citation

  • Zahirah Hamid Ghul & Zetty Zahureen Yusoff & Norhasimah Shaharuddin & Nurul Haziqah Shamsudin & Nik Rozila Nik Mohd Masdek, 2024. "An Exploratory Study on the Effect of Macroeconomic Indicators on the Stock Market Performance among 6-ASEAN Countries," Information Management and Business Review, AMH International, vol. 16(3), pages 1061-1071.
    • Handle: RePEc:rnd:arimbr:v:16:y:2024:i:3:p:1061-1071
    DOI: 10.22610/imbr.v16i3S(I)a.4196
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