discuss the phenomenon in terms of market efficiencies

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 pronts 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 1492.00 482.00 472.00 Nov-29-2021 Dec-01-2021 Nov-23-2021 Nov-25-2021 FeDec-06-2021 Dec-08-2021 Dec-10-2021 Dec-14-2021 Dec-16-203 Nov-19-2021 FTSE Bursa Malaysia KLCI.. ct-29-2021 Nov-02-2021 Nov-05-2021 Nov-09-2021 Nov-11-2021 Nov-15-2021 Nov-17-2021 MacBook Air