Trade Performance and Fund Flow - July 2023

▪ A broad-market rebound in July lifted the overall market cap by 5.2% MoM to RM1,757 bil as sentiment improved on signs of peaking U.S. Fed’s rate upcycle and strengthening of Malaysian Ringgit against the US Dollar at 4.53 at end of July (from 4.67 at end of June) coupled with positive domestic economic developments announced end of month - launch of MADANI economy framework and National Energy Transition Roadmap (NETR) Part 1. 

▪ Property sector led in MoM market cap appreciation with 12.8%, recovering from its multi-year low on optimism over support from domestic demand, improving mortgage loan approval-toapplication ratio and implementation of Foreign Workers Employment Relaxation Plan to ease foreign labour shortages. 

▪ Correspondingly, ADV improved by 8.9% MoM to RM1.94 bil in July, with increased trading participation from local institutions and retailers. This brought the 7-months ADV to RM1.96 bil. ▪ Malaysian equities saw return of net buying interest from foreign investors in July with a significant net inflow of RM1.41 bil, reversing outflows trend seen in the past 6 months this year. This narrowed the YTD foreign outflows to -RM2.8 billion. 

▪ Local investors turned net sellers in July. Local institutions and local retailers recorded outflow of -RM748 mil and -RM556 mil respectively. YTD, local institutions remained net buyers at +RM2.4 bil inflow.