The Impact of Commodity Prices, Interest Rate and Exchange Rate on Stock Market Performance: An Empirical Analysis From Malaysia

Nordin, Norhafiza; Nordin, Sabariah; Ismail, Rusmawati

doi:10.32890/mmj.18.2014.9015

Cited by 24 publications

(32 citation statements)

References 14 publications

(9 reference statements)

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“…This means that if the interest rate increases, the stock price will decrease, and vice versa. The result of this study is also supported by the study by Purwanda & Yuniarti (2014) and Nordin et al, (2014). A high interest rate makes investors divert high-risk investment instruments, such as stocks, to low-risk investment instruments, such as bonds.…”

Section: The Impact Of Interest Rate On Stock Pricesupporting

confidence: 84%

Stock Price Determinant of PT Timah Tbk During the Covid-19 Pandemic

Christiani

Annicha

Wiranata

et al. 2021

IJBTOB

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Stock Price Determinant of PT Timah Tbk during the Covid-19 Pandemic, the Covid-19 Pandemic involves the world economy. Lockdown and Large-Scale Social Restrictions make the economy slow down due to the restricted activities. The prices of crude oil and metal commodities also corrected, including the price of tin commodity due to the decrease of demand. Therefore, the aim of this study is to analyze the impact of the tin price variable, Interest Rate (BI Rate), Net Profit Margin (NPM), and Debt to Equity Ratio (DER) on the Stock Price of PT Timah Tbk during the Covid-19 pandemic. This study used a quantitative method. The object of the study was PT Timah Tbk. The samples used were secondary data, which were tin commodity price, and interest rate of SBI in 2020, and the quarterly financial statements of PT Timah Tbk. The analysis method used was Multiple Linear Regression. The data collection techniques used in this study consisted of two stages: conducting library research (studying literature in the form of research journals, scientific papers, articles, and books) and the documentation stage. The results of the study show that (1) Partially, tin price has a positive and significant impact on the stock price of PT Timah Tbk. (2) Partially, variables of interest rate, NPM, and DER have a negative and not significant impact on the stock price of PT Timah Tbk. (2) Simultaneously, tin price, interest rate, NPM, and DER have a significant impact on the stock price of PT Timah Tbk. Keywords : Tin Price, Interest Rate (BI Rate), Net Profit Margin (NPM), Debt to Equity Ratio (DER), and Stock Price

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Section: The Impact Of Interest Rate On Stock Pricesupporting

confidence: 84%

Stock Price Determinant of PT Timah Tbk During the Covid-19 Pandemic

Christiani

Annicha

Wiranata

et al. 2021

IJBTOB

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“…Selain itu, exchange rate tergantung pada tingkat perdagangan internasional dan transaksi perdagangan suatu negara atau hubungan nilai tukar dengan JII tergantung pada dominasi relatif ekspor dan tingkat impor suatu Negara. Sejalan dengan penelitian yang dilakukan oleh Nordin dkk yang menyatakan bahwa kurs nilai tukar berpengaruh terhadap kinerja pasar saham Malaysia (Nordin et al, 2020).…”

Section: Kurs Terhadap Jakarta Islamic Indexunclassified

Analisis indikator makro ekonomi terhadap Jakarta Islamic Index

Dini

2021

JERPS

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Stock price fluctuations in various sectors continue to show a decline because of the Covid-19 pandemic. This is because of its nature, which is strongly influenced by external changes or fundamental information. Here, the ability of investors to understand will influence investors' decisions to invest. This study aims to determine the effect of macroeconomic indicators on the Jakarta Islamic Index, the observation period 2015-2021, using monthly time series data. Macro indicators used in analyzing the stock of the Jakarta Islamic Index are inflation, interest rates, industrial production growth, crude oil, exchange rates, and the industry average Dow Jones as global index variables. The analysis technique used is multiple linear regression. Simultaneous test results show that the macro variable indicators and DJIA have a significant effect on JII. The results of the partial test show that inflation and DJIA have a significant positive effect on JII, while the exchange rate and crude oil have a significant positive effect on JII, for the variables of industrial production growth and interest rates have no significant effect on JII.

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“…Furthermore, Creti et al (2013) showed that the recent financial crisis of 2007-08 strengthened the link between equity and commodity markets, during the financial turmoil, a high correlation was generally observed between the two markets. Mixed results were found in Nordin et al (2020) which studied the relationship between commodities and the Malaysian stock market. It was found that the impact of the palm oil prices on the stock market index is positive and significant, both long-term and short-term.…”

Section: Literature Reviewmentioning

confidence: 99%

Commodity Prices and the Stock Market in Thailand

Aumeboonsuke¹

2020

IJEEP

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This study aims to investigate the association between Thai stock market and the commodity markets using 20-year historical monthly data from January 2000 to January 2020. Commodity prices used in the research consist of the prices of crude oil, natural gas, liquified natural gas, commodity agricultural raw materials, and gold. The traditional VAR is used in analyzing the relations between the commodity prices and stock index. The findings show how changes in each commodity prices had significant influence on the stock market. Both evidences of a long-run and a short-run impacts are examined to determine if the past values of changes in the prices of energy, agricultural raw materials, and gold are important in predicting the developments in the stock market or not. The results from the study provide the evidence that Thai stock market is responsive to energy-related, precious metal, and commodity-related indicators.

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The Impact of Commodity Prices, Interest Rate and Exchange Rate on Stock Market Performance: An Empirical Analysis From Malaysia

Cited by 24 publications

References 14 publications

Stock Price Determinant of PT Timah Tbk During the Covid-19 Pandemic

Stock Price Determinant of PT Timah Tbk During the Covid-19 Pandemic

Analisis indikator makro ekonomi terhadap Jakarta Islamic Index

Commodity Prices and the Stock Market in Thailand

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