Strategy Note /

MY : Strategy - It’s a wrap for Aug; what’s next?

    Ivy Ng Lee
    Ivy Ng Lee

    Head of Malaysia Research, Regional Head of Agribusiness

    4 September 2022
    Published byCGS-CIMB

    n The KLCI gained 1.3% mom in Aug 2022, thanks to foreign buying and strong 2Q22 GDP growth. n Foreign investors raised their net buying in Aug; they bought the financial and consumer sectors. n The best/worst performing sectors in Aug were energy/healthcare. n KLCI had in the past 10/44 years posted negative performance in Sep of -1%/-0.9% mom average returns. n Key events to watch out for in Sep 2022: OPEC meeting on 5 Sep, Malaysia’s MPC meeting on 8 Sep and US Fed meeting on 21 Sep.