Trading volumes on Bursa seen to be weaker ahead

The research unit noted that ADV had weakened to RM3.4bil in June till July 8, compared with RM4.2bil and RM4bil in April and May respectively. This was likely due to concerns over the macro impact of the lockdowns and political uncertainties.

PETALING JAYA: Bursa Malaysia Bhd’s average daily trading volumes (ADV) could remain weak over the near term, before picking up towards end-2021 in anticipation of economic activities to rebound in 2022, according to Maybank Investment Bank (IB) Research.

The research unit noted that ADV had weakened to RM3.4bil in June till July 8, compared with RM4.2bil and RM4bil in April and May respectively.