Regional Indices Weekly Percentage Change

Source: Bloomberg, Notes: From 07/07/2023 to 14/07/2023

Weekly Market Review RM(m) Weekly Foreign Fund Flow vs KLCI Pts

(17/07/2023) 550 468.90 1,420

1,396.20 1,412.10
Wall Street closed the week in positive territory as 350 1,398.10
1,391.50 1,400
129.20
investors hoped for a cooling down of interest rates 150 1,383.10 84.20

following lower-than-expected inflation data. Major -50

1,380

regional indices continued their upward trajectory amid (70.50)

(40.90)
-250 1,360
a positive market undertone driven by both the US and 10/07 11/07 12/07 13/07 14/07
Chinese economies. As for the local bourse, the FBM KLCI Foreign Fund Flow KLCI
rallied, underpinned by broad-based accumulation Sources: Bloomberg, Bursa Malaysia

fueled by foreign fund resurgence. Foreign funds were

Brent Crude Oil
net buyers with a total net inflow of RM570.9m last week. 83
81.36
Among the FBM KLCI components last week, there were
80.11 79.87
29 gainers against 1 loser. Meanwhile, Brent crude oil 79.4
80
advanced 1.78% after supply disruptions in Libya and
77.69
Nigeria heightened concerns that the markets would
77
tighten in the coming months.
10/07 11/07 12/07 13/07 14/07
Source: Bloomberg

FBM KLCI Components

Source: Bloomberg
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Published:

Kenny Yee Shen Pin

Head of Research