Trade Performance and Fund Flow - November 2023

▪ Overall market capitalisation grew for the second consecutive month with a 0.9% MoM to RM1,777 bil as at end-November. KLUTL reversed its contraction for the past 2 months with a leading 10.2% gain in November, augured by robust foreign support on YTL and YTLPOWR.  

▪ KLHEAL reported a 6.6% MoM growth despite decline in average selling price of gloves and lossmaking position of glove makers. Foreign investors added +RM320 mil of Health Care stocks in their portfolios.  

▪ KLENG fell by 4.5% corresponding to a 5.2% contraction in monthly Brent crude oil price, marking its second consecutive month of decline.  

▪ ADV of the results season rebounded with a 9.7% growth to RM2.18 bil. This brought the average 11-month ADV to RM2.03 bil. During the month, trading of Health Care rose by 129.1% or RM101.3 mil to RM179.67 mil. Within the sector, TOPGLOV’s ADV rose by 233.6% MoM to RM65.9 mil while HARTA’s ADV improved by 248.8% to RM28.4 mil.  

▪ Consumer’s ADV improved by 29.3% MoM representing additional RM81.1 mil of monthly ADV, anchored by the announcement on 30-day visa-free travel for visitors from China and India. Foreign investors net disposed -RM192 mil of Consumer stocks and was supported by local institutions with +RM141 mil. GENTING’s ADV rose 103.0% or RM14.5 mil MoM to RM28.6 mil. 

▪ Overall, foreign investors reverted to net buyers with highest YTD net purchase of RM1.55 bil, supporting -RM1.43 bil net sell by local institutions. With that, foreign outflow narrowed to RM2.60 bil as of YTD.