MISC Annual Report 2017

NOTES TO THE FINANCIAL STATEMENTS 295 Financial Statements 37. FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES (CONT'D.) (e) Equity price risk  Equity price risk arises from the Group’s investment in quoted equity shares listed on  Bursa Malaysia. At  the reporting date, the exposure security at fair value was RM63,714,000 (2016: RM66,687,000). The following table demonstrates the indicative effects on the Group and the Corporation's investment in quoted equity shares applying reasonably foreseeable market movements in the following index rates:   Carrying value RM'000 Weighted average change in index rate % Effect on equity Increase / (Decrease) RM'000 Group and Corporation 2017 Malaysian quoted equity shares 63,714   +15                9,557  Malaysian quoted equity shares 63,714   -15              (9,557) 2016 Malaysian quoted equity shares 66,687   +15              10,003  Malaysian quoted equity shares 66,687   -15            (10,003) This analysis assumes all other variables remain constant and that the price of the Group's quoted equity investment is perfectly correlated to the market index.