🐲 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. 🌟🧧🐲

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%.

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.

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!🌟📈🎉