Trade Performance and Fund Flow - June 2023

▪ Total market capitalisation continued on its downward trend for the second consecutive month to end at RM1,669 bil or a 0.9% decline MoM, dragged mainly by Health Care (-5.4%) and Teleco & Media (-4.7%). Valuation of Energy sector persisted downward by -4.4%.  

▪ On the bright side, Technology’s valuation was up by 2.5% MoM while REITs gained 1.8%. 

▪ ADV moderated by 5.5% MoM to RM1.79 bil in June as investors stayed on the sideline ahead of the six states election. Trading of Construction improved by 24% in June, the highest among all sectors. Average six-month ADV stood at RM1.96 bil. 

▪ Local institutions extended their buying interest for the fourth consecutive months with +RM622 mil in June. Combined with +RM315 mil inflow from retailers, local investors supported -RM1.35 bil foreign outflow in June as foreigners rotated out in anticipation of China’s announcement on its stimulus package for post-pandemic recovery.