Trade Performance and Fund Flow Week Ended 3 January
- Emerging market ended on a negative note last week, as sentiment turned cautious ahead of the inauguration of the US President-elect this month and the possible implementation of his notable trade protectionism policy. Among the indices observed, both the SZCOMP and SHCOMP indices dropped the most, after closing 7.9% and 5.6% lower week-on-week (WoW), followed by the TWSE index (-1.6%). Both China and Taiwan also reported moderated manufacturing activities in December. China’s Caixin Manufacturing Purchasing Manager Index (PMI) declined to 50.5pts in December (November: 51.5pts). while Taiwan’s manufacturing PMI shrank to 50.8pts (November: 51.4pts).
- On the back of an expected slower US Federal Reserve rate cut, global investors withdrew from most of the markets observed, with the Taiwanese market recording the highest outflow (-USD1,405.88 mil).
- The FBMKLCI ended the final trading day of 2024 on a positive note but started 2025 on a softer tone, primarily due to profit-taking activities.
- Overall market capitalisation grew by 0.6% week-on-week (WoW) to RM2,075.08 bil, with eight out of 13 sectors posting gains. All FBM series indices climbed, with the FBM ACE registered the highest growth of 2.3% last week.
Published Date
07 Jan 2025
Publisher
Bursa Digital Research
