LEONG, SIN YE (2013) WEATHER, MACROECONOMIC VARIABLES AND STOCK MARKET. [Final Year Project Report] (Unpublished)
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Abstract
This study examines the effects of weather on stock return in Hang Seng Index (HSI), Kuala Lumpur Composite Index (KLCI) and Taiwan Stock Exchange Corporation (TSEC) Weighted Index. The weather vairables consist of temperature, humidity, cloud cover and solar radion. Research in psychology has shown that temperature significantly affect mood, and mood changes cause behavior changes. Daily stock return spanning from January 2008 to December 2011 is analyzed using OLS, GARCH (1,1) and Granger Causality. Temperature, cloud cover, solar radiations have no influence on returns. Humidity has a significant influence on returns in Tai Chung and Basan Lepas. Trading volume has a significant influence on reutrns in Malaysia and Taiwan.
| Item Type: | Final Year Project Report |
|---|---|
| Additional Information: | Project Report (BFin) -- Universiti Malaysia Sarawak, 2013. |
| Uncontrolled Keywords: | solar radion, cloud cover,Bayan lepas |
| Subjects: | H Social Sciences > HG Finance |
| Divisions: | Academic Faculties, Institutes and Centres > Faculty of Economics and Business Faculties, Institutes, Centres > Faculty of Economics and Business |
| Depositing User: | Dan |
| Date Deposited: | 14 Mar 2022 04:12 |
| Last Modified: | 06 Mar 2024 04:39 |
| URI: | http://ir.unimas.my/id/eprint/38085 |
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