Trade Performance and Fund Flow Week Ended 22 November
- Emerging markets climbed last week as the MSCI Emerging Markets (EM) Index reversed its net loss position to close 0.2% higher, with gains observed in seven out of ten major indices.
- China’s stock markets continued their downward trend for the second consecutive week, with the SHCOMP and SZCOMP closing 1.9% and 2.2% lower, respectively. The sell-off in Chinese markets was driven by fears of uncertainty over U.S. President Donald Trump’s future policies on China, concerns about economic growth, and doubts regarding the effectiveness and adequacy of stimulus measures. On a positive note, the country’s labour market showed improvement with the unemployment rate dropping to 5% MoM in October, marking its lowest level since June 2024.
- The FBMKLCI performed on a soft note and dropped below the psychological support level of 1,600pts throughout the week. The cautious sentiment arose from escalating geopolitical tensions between Ukraine and Russia, as well as growing concerns about the U.S. Federal Reserve (Fed)'s interest rate moves.
- Overall market capitalisation rebounded and closed marginally higher at RM2,004.17 bil. Five out of 13 indices showed expansion, with the Construction sector leading the growth.
Published Date
26 Nov 2024
Publisher
Bursa Digital Research
