Bursa Malaysia average daily value set to strengthen

Bursa Malaysia’s ADV has been trending upwards, rising from RM1.76bil in the second quarter of 2023 to RM2.2bil in August-July 2023, on improving foreign net equity inflows.

PETALING JAYA: Bursa Malaysia’s average daily value (ADV) is expected to strengthen in the second half of 2023 (2H23), driven by increasing risk sentiment and volatility on global equity markets, say analysts.

UOB Kay Hian (UOBKH) Research predicts that the local stock exchange will experience better ADV of RM2.53bil in 2H23, as opposed to RM1.94bil in 1H23, and the momentum will continue into 2024, with the ADV averaging about RM2.4bil.