The Impact of the Investor Sentiment Index (SMI) on the Malaysian Stock Market during the COVID 19 Pandamic

International Journal of Economics and Management Pub Date : 2022-08-20 DOI:10.47836/ijeam_16.2.06

Ali Albada, Nurhuda Nizar

引用次数: 2

Abstract

COVID-19 is a highly contagious viral infection that has changed the world, with many human lives being lost. This study aimed to analyse investors' sentiment and stock market behaviour in Malaysia during the COVID-19 pandemic. Stock market performance was measured through the FTSE BURSA 100 Index (T100) from January 29, 2020, until March 31, 2021, by employing principal component analysis (PCA) to construct the investors' Sentiment Index (SMI). The results indicated that the sudden outbreak of COVID-19 and its rapid spread significantly impacted investors' psychology, which disrupted investors' investment decisions. Furthermore, rapid increases in confirmed COVID-19 cases and deaths increased the uncertainty and unpredictability of the country's economic situation. As a result, the Malaysian financial market showed a steep downward trend during the COVID-19 pandemic

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2019冠状病毒病疫情期间投资者情绪指数(SMI)对马来西亚股市的影响

COVID-19是一种高度传染性的病毒感染，它改变了世界，夺去了许多人的生命。本研究旨在分析2019冠状病毒病大流行期间马来西亚投资者的情绪和股市行为。从2020年1月29日至2021年3月31日，通过FTSE BURSA 100指数(T100)衡量股票市场的表现，采用主成分分析(PCA)构建投资者情绪指数(SMI)。结果表明，新冠肺炎疫情的突然爆发及其快速传播对投资者心理产生了显著影响，扰乱了投资者的投资决策。此外，covid -19确诊病例和死亡人数的迅速增加增加了该国经济形势的不确定性和不可预测性。因此，在新冠肺炎疫情期间，马来西亚金融市场出现了急剧下滑的趋势

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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来源期刊

International Journal of Economics and Management Economics, Econometrics and Finance-Economics, Econometrics and Finance (all)

CiteScore

1.80

自引率

0.00%

发文量

期刊介绍： The journal focuses on economics and management issues. The main subjects for economics cover national macroeconomic issues, international economic issues, interactions of national and regional economies, microeconomics and macroeconomics policies. The journal also considers thought-leading substantive research in the finance discipline. The main subjects for management include management decisions, Small Medium Enterprises (SME) practices, corporate social policies, digital marketing strategies and strategic management. The journal emphasises empirical studies with practical applications; examinations of theoretical and methodological developments. The journal is committed to publishing the high quality articles from economics and management perspectives. It is a triannual journal published in April, August and December and all articles submitted are in English. IJEM follows a double-blind peer-review process, whereby authors do not know reviewers and vice versa. Peer review is fundamental to the scientific publication process and the dissemination of sound science.