Retail Players, The Rainmakers

11 August 2020

Media Relations Department
+603 2191 1108 | media@affinhwang.com

The KLCI has gained 2.1% and has remained relatively robust amidst earlier expectations of some weakness, especially after the strong gains since the March lows. The performance can be attributed to strong retailer interest and a solid thematic play. The market’s turnover velocity is at an all-time high, as retailers swamped the market during this loan moratorium period (till end-Sept). As at end-July, retailers accounted for 35% of market participation, compared to 22% a year ago, and has continued to rise compounded by gains and a herd mentality. Will the KLCI's performance continue its upward trend?

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