Trade Performance and Fund Flow - August 2023

▪ Domestic-focused sectors posted gains for the second consecutive months. KL Property Index (KLPRP) led in MoM index growth after posting 12.3% and 12.0% price gain in Aug and July respectively. KL Utility Index (KLUTL) climbed another 10.8% in Aug after 5.0% MoM increase in July. KL Construction Index (KLCON) rose higher by 7.1% in Aug versus 4.4% in July. Overall market capitalisation appreciated by 1.1% in Aug to RM1,776 bil. 

▪ ADV grew 11.6% MoM to RM2.17 bil in Aug, lifted by more active trading in Consumer, Property and Utilities. On closer look, foreign and local retail ADV jumped 107% and 40% WoW respectively for the final week of Aug due to MSCI rebalancing. Average eight-month ADV stood at RM1.99 bil. 

▪ Foreign inflow tapered to +RM141 mil, bringing YTD foreign net disposal to -RM2.64 bil. Local retail recorded outflow for the second consecutive month with -RM432 mil. On the other hand, local institution reverted to net buyer after added +RM393 mil in Aug, bringing YTD inflow to +RM2.78 bil.