๐ฒ As the Lunar New Year approaches, will the Malaysian stock market experience the "Year of the Dragon Spring Festival Effect"?
Hello Mooers! As we eagerly anticipate the arrival of the Lunar New Year, it's a time of festivity, and reflection, and also an intriguing period for the financial markets. Let's dive into what this auspicious season might hold for the Malaysian stock market. ๐๐งง๐ฒ
Looking back at the data from the past 24 years (1999-2022), it's interesting to note:
In the week leading up to the first day of the Lunar New Year, the Malaysian stock market rose in 12 of those years and fell in the other 12, with an average increase of 0.3%.
However, in the two weeks before the New Year, the market saw an increase in 8 years and a decrease in the remaining 16 years, with an average decrease of 0.3%.
![๐ฒ As the Lunar New Year approaches, will the Malaysian stock market experience the "Year of the Dragon Spring Festival Effect"?](https://sgsnsimg.moomoo.com/101000106/editor_image/5dd578c676a43cfc8e30734df6948388.jpg/bigmoo)
Source: https://news.seehua.com/
From this historical data, there doesn't appear to be a clear-cut "Spring Festival Effect" in the Malaysian stock market. However, with US stocks continually reaching new highs and the Malaysian market holding steady at the 1500 level, there could be potential for a surge in the market as we approach this year's Spring Festival.
๐ Vote: What do you think?
As we wrap up this discussion, let's keep the conversation going about the Lunar New Year effect on the stock market. We're keen to hear more from you, mooers!
Share your insights, experiences, and predictions about how this festive season might sway the markets. Your perspectives are valuable and add to our collective understanding of market trends during this vibrant time of the year. Let's continue to explore and discuss together in our vibrant Mooers community! Happy New Year!๐๐๐
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
Read more
Comment
Sign in to post a comment
103761040 : I'm just plain guessing, I am new to the stock market game