THE EFFECT OF NORTH AMERICA MARKET INDICES AGAINST THE STOCK PRICES IN THE TECHNOLOGY SECTOR OF BURSA MALAYSIA
Keywords:North America Market Index, Technology Sector, Stock Price, Bursa Malaysia, Foreign Market Index
This study aims to explore the impact of the North American market indices against the movement of the stock prices within the technology sector in Bursa Malaysia. The research was motivated by the problem statement where the research identifies the validity of the concept to verify the presence of the relationship between the technology stock prices in Bursa Malaysia against the market indices of North America. The study aims to provide the positive implication for the academic study in providing additional new knowledge and reference towards the academia, and at the same time delivering the understanding towards the business technology industry in Malaysia in predicting the future performance of the business in alignment with the movement of the market indices in North America. The literature showed a strong suggestion of a positive relationship in which the movement of the technology stock prices in Bursa Malaysia will be in a similar direction to the movement of the market indices of North America. The research adopted the quantitative method as the main data collection. The technology sector stock prices in Bursa Malaysia and market indices of North America data were collected from July 2012 to June 2021 using purposive sampling to ensure the significant market indices are being included in the research. The significance of the study could narrow down the gap in the literature, as well as contribute to the industry and investors to be optimistic or pessimistic towards the expectations of the stock prices movement in the technology sector in Bursa Malaysia. The outcome of the research will assist investors to make better investment decisions and corporate management to forecast the business opportunity.
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