The Study on the Impact of Klse Market Index Towards the Stock Price Performance Among the Leading Technology Companies

Abstract

This study targets the development through the motivation of the research to explore the impact of the KLSE market index from Malaysia in the influence towards the stock price performance among the leading technology companies globally. The lack of the study on the similar scope of study had been triggering the need for the exploration for this study to investigate the potential significant in the relationship between the KLSE market index and the stock price performance for the leading technology companies. The previous study had been suggesting there should be significant positive correlation and relationship between the market indices against the performance of the technology stock prices developing the initial hypothesis for the study. However, the quantitative study on the 10 years timeline for the study pattern for the KLSE market and the technology stock price performance had revealed that the empirical evidence had pointed the opposite result where the significant negative correlation and relation was found based on the historical data through the quantitative analysis using the correlation analysis and regression analysis leading to the rejection of the initial hypothesis as drawn. This had been providing fresh insight for the contribution of study expanding the opportunities for the future study of similar area of expertise.