BEHAVIOUR OF STOCK MARKET DURING THE COVID-19 PANDEMIC: THE MALAYSIAN EXPERIENCE

Finance & Accounting Research Journal Pub Date : 2021-12-02 DOI:10.51594/farj.v3i4.276

Noorzalina Ghazali, M. Marimuthu

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Abstract

The COVID-19 outbreak was triggered in Wuhan, China in December 2019. The World Health Organization (WHO) has declared a public health emergency in January 2020. The literature shows that the COVID-19 pandemic slowed the Malaysian economy. According to the World Bank, Malaysia GDP is USD336.7 bill in 2020, USD 364.7 bill in 2019, a USD28bill reduction or 7.67%. The Malaysian government is trying to address this scenario, it is important to establish and apply expansionary fiscal measures. The dread of the virus's danger has caused people to cease living, working, socializing, doing business, and the other normal activities. Economic consequences are very unclear, making it difficult to take adequate steps to reverse the downward economic trend. The present research analyses the potential economic impact of the COVID-19 pandemic on the Malaysian economy using a systematic review approach. Also, econometric study to determine the degree of integration between the FBMKLI and the COVID-19 daily infected cases. The findings show the relationship between COVID-19 infected cases and the performance of the FBMKLI. Keywords: COVID-19, FBMKLI, Correlation, Malaysia, Systematic Review, Granger causality.

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2019冠状病毒病大流行期间的股市行为:马来西亚的经验

新冠肺炎疫情于2019年12月在中国武汉爆发。世界卫生组织(世卫组织)已于2020年1月宣布进入公共卫生紧急状态。文献显示，COVID-19大流行减缓了马来西亚的经济。根据世界银行的数据，马来西亚2020年的GDP为336.7美元，2019年为364.7美元，减少了28美元，减少了7.67%。马来西亚政府正试图解决这一问题，重要的是建立和实施扩张性财政措施。对病毒危险的恐惧使人们停止了生活、工作、社交、经商和其他正常活动。经济后果非常不明朗，因此很难采取适当措施扭转经济下行趋势。本研究采用系统评估方法分析了COVID-19大流行对马来西亚经济的潜在经济影响。此外，还进行了计量经济学研究，以确定FBMKLI与COVID-19每日感染病例之间的整合程度。研究结果显示了COVID-19感染病例与FBMKLI绩效之间的关系。关键词:COVID-19, FBMKLI，相关性，马来西亚，系统评价，格兰杰因果关系。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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Finance & Accounting Research Journal

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