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Question 4 On October 29, 2021, the Malaysian government tabled the 2022 Budget. There are...

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Question 4 On October 29, 2021, the Malaysian government tabled the 2022 Budget. There are two important items that directly impact the stock market. There is a stamp duty increase on stock transactions. The second item is about the prosperity tax which has an impact on publicly listed firms with profits in excess of RM100 million. Since then, the Bursa KLCI FBM index has been on a downtrend. Discuss the phenomenon in terms of market efficiencies. FTSE Bursa Malaysia KLCI Index (FBMKLCI) - Index Value - 1562.00 1552.00 1542.00 1532.00 1522.00 1512.00 1502.00 1492.00 1482.00 1472.00 Oct-29-2021 Nov-02-2021 Nov-05-2021 Nov-19-2021 Nov-09-2021 Nov-11-2021 Nov-15-2021 Nov-17-2021 Nov-23-2021 Nov-25-2021 Nov-29-2021 Wo Dec-01-2021 ToDec-06-2021 Dec-08-2021 Dec-10-2021 Dec-14-2021 Dec-16-2021

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