Herding behaviour refers to an alignment of thoughts or behaviours of individuals in a group. In the case of capital market, it has been studied by several researchers such as Chang et al. (2000) and (Gavriilidis et al., 2015). Being a multicultural and multiracial country, and one of the main markets for the Islamic capital market, Malaysia provides a conducive landscape for the study of herding behaviour. The main motive for conducting this study is to investigate the presence of herding behaviour in Malaysia's religious holiday period, it's characteristic in reference to all securities and shariah-compliant securities ...

The small and medium-sized enterprises (SMEs) is an interesting sector to talk about; defining them may generate dispute as everyone sees "small" and "medium" differently, however, their importance to the economy are unanimously agreed upon. SMEs represent an essential source for economic growth, dynamics, and flexibility for both the developed countries and the developing and emerging economies. Although individually small in size, SMEs justify their crucial presence on the economy through sheer volume alone; in the Malaysian context, the SME Corp Malaysia's annual report stated that SMEs in Malaysia contribute up to 36.3% of its GDP. From that, we can see that SMEs have the potential to contribute substantially to the economy as it is able to not only strengthen existing industries but also lead to the rise of new ones.