Economic indicators fail to predict stock returns in Kuala Lumpur Exchange.
The research looked at how different factors affect investment returns in the Kuala Lumpur Stock Exchange. They used economic indicators from 1989 to 1993 to see if they influenced the returns. The study found that the economic indicators they looked at did not have a significant impact on investment returns in the KLSE. However, they did find that the real Gross Domestic Product and money supply had a positive relationship with returns, while the Consumer Price Index and Average Lending Rate had a negative relationship with returns in the KLSE.