Post-Election: Property Sector The Clear Beneficiary

The just-concluded six state elections without a shift in power indicates political stability in the midterm, one of the many key catalysts that the market has been anticipating. In examining the trading performance, top 20 counters with highest ADV during pre-election (1 July- 11 August) constituted 34% of total ADV during the period, while the same number contributed 35.5% post-election (14 August).  Post-election trading significantly skewed towards Property sector and Bursa’s Property Index increased 16.8 pts or 2.16% day-on-day. 5 property counters constituted 28.8% of the ADV of the top 20 companies (versus 1 property company contributed 5.5% pre-election).