Thursday 14 June 2018

KLCI Performance during World Cup Month


The 2018 FIFA World Cup will be held in Russia from 14th June 2018 to 15th July 2018.  It is one of the biggest events on Earth, attracting billions of viewers across the globe, from students to professionals and from housewives to retirees.  Curiously, we would like to observe the performance of KLCI during the World Cup month.  The following chart and table shows the performance of KLCI during past World Cups.




During the past 20 years, KLCI was in the red four out of six World Cup events.  The average performance during the World Cup month was negative 0.93%.  Could the lack of sleep due to mid-night matches impact the stock market participants’ judgement? Looking at the match schedule this year, not many matches are held at midnight, hopefully the impact to the KLCI will be minimal.

We wish you have a great time during the World Cup month and Selamat Hari Raya Aidilfitri to all our Muslim readers!

No comments:

Post a Comment