Malaysian stock market efficiency confirmed, spot dominates downside risk.
The study compared futures and stocks in Malaysia to see which one is better for different types of investors. They found that there are no easy ways to make money by trading between the two markets. Both the stock and futures markets in Malaysia work efficiently and logically. Stocks are safer than futures when it comes to losing money, but futures are better for making big profits. People who don't like taking risks prefer stocks, while risk-takers prefer futures. This difference is more noticeable after a certain period in Malaysia.