Review of the Literatures on Stock Price Behavior of Malaysia

  • Fatima Ruhani Ph.D Candidate, School of Business Innovation and Technopreneurship, University Malaysia Perlis Kangar, Malaysia
  • Md. Aminul Islam Associate Professor, School of Business Innovation and Technopreneurship, University Malaysia Perlis Kangar, Malaysia
  • Tunku Salha Tunku Ahmad Senior Lecturer and Dean, School of Business Innovation and Technopreneurship, University Malaysia Perlis Kangar, Malaysia
Keywords: Stock Price Behavior, Efficient Market Hypothesis, Economic Variables


Stock price behavior is one of the core concerns of researchers and finance scholars from more than a half-century of years. Most of the times, they have tried to identify unexplored anomalies that could be used to explain stock price movement in the different stock market. As a result, we have found different models and theories relating to stock price behavior as well as the efficiency of the stock market. Malaysian stock market is considered the second among the largest South East Asian stock markets according to its domestic market capitalization. A considerable number of researches have already been done on the stock price behavior of Malaysian stock market. This study reviews the existing literatures on the stock price behavior of Malaysian stock markets within two wings, literatures on efficient market hypothesis of Malaysian market and the effect of economic and financial variables on the stock price. 


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Bekhet, H. A., & Mugableh, M. I. (2012). Investigating equilibrium relationship between macroeconomic variables and Malaysian stock market index through bounds tests approach. International Journal of Economics and Finance, 4(10), 69–81.
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H.Ibrahim, M., & Sulaiman, W. (2001). Macroeconomic Variables , Exchange Rate and Stock Price : a Malaysian Perspective. IIUM Journal of Economics and Management, 9(2), 141–164.
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Ibrahim, M. H. (2000), Cointegration and Granger Causality Tests of Stock Price and Exchange Rate interactions in Malaysia, Asian Economic Bulletin, 17(1): 36–46.
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How to Cite
Ruhani, F., Islam, M. A., & Ahmad, T. S. T. (2018). Review of the Literatures on Stock Price Behavior of Malaysia. International Journal of Islamic Business & Management, 2(2), 32-38.
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