Top Gainers and Losers on Bursa in 2020

Aside from Vietnam, Bursa Malaysia outperformed its neighbouring bourses with its benchmark index ending the year in the positive zone. The FBM KLCI gained 3.5% year-to-date (YTD) to reach 1,644.41 points on Dec 30, while Vietnam's VNINDEX climbed 14.2% on a YTD basis. It is worth noting that the FBM KLCI declined for two consecutive years since 2017 (The Edge, 31 Dec 2020).

In contrast, Singapore's Straits Times Index dropped 11% YTD, followed by the Philippines' PSE Composite Index -8.6%, Thailand's SET Index -8.3%, and Indonesia's Jakarta Composite Index -5.1%.

The retail investors who have been absent for over a decade had also returned to the stock exchange. Given the surge in retail interest, the exchange's daily trading volume ballooned to an all-time high of 27.8 billion in August compared with last year's high of 2.51 billion shares.

The Edge is taking a closer look at this year's top winners and top losers, which have been grouped according to market capitalisation.

According to Bloomberg data, the market capitalisation of all listed entities ballooned as much as RM104.74 billion! The main contributors were rubber glove makers, semiconductor-related counters and vaccine distributors.

The prognosis for this year will depend on political stability, the Covid situation, fiscal and monetary initiatives and the attractiveness of the Malaysian market compared to other regional bourses. Hopefully, it will be a better year!

 

Reference:

These are the top gainers and losers on Bursa in 2020, 31 Dec 2020, The Edge