Trade Performance and Fund Flow week ended 7 June 2024

Emerging markets ended with mixed performance last week as investors awaited further indicator on the ease of monetary policy from the U.S. The MSCI Emerging Market Index maintained its net gain position whereby it climbed 2.3%. Five out of ten Asian stock exchanges witnessed growth while the other half contracted.

Overall market capitalisation rebounded from previous loss last week and grew by 1.5% WoW to RM2,052.02 bil following broad-based market recovery, with 12 out of 13 sectors reported growth.

The FBMKLCI recouped losses with a 1.3% growth and stayed above the psychological level of 1,600pts throughout the week. The improved performance was driven by optimism for earlier interest rates cuts by the Federal Reserve amid weaker U.S. economic data released early of the week. Besides, better-than-expected Q1 2024 corporate earnings further spurred buying momentum. It is also worth noting that SUNWAY will replace AMBANK on FBMKLCI effective on 24 June 2024 following the semi-annual FTSE review.