What to expect in the final month of the year?
1. Public Holiday
Date: 25-12-2023; Holiday: Christmas Day
2. Economic Calendar Dec 2023
3. Global Event to Watch
Date: 14-12-2023; Event: US Fed Interest Rate Decision
Date: 14-12-2023; Event: ECB Interest Rate Decision
4. FTSE Bursa Malaysia KLCI Semi Annual Review
The FTSE Bursa Malaysia KLCI is reviewed by the FTSE Bursa Malaysia Index Advisory Committee on a semi-annual basis in June and December. Full market capitalisation data as at the last trading day of May and November is used for the review. Any constituent changes will be implemented after close of business on the 3rd Friday in June and December.
According to The Edge Malaysia, YTL Power International Bhd and its parent YTL Corp Bhd stand a good chance of being on the member list of the benchmark FBM KLCI, with existing constituents Dialog Group Bhd and Westports Holdings Bhd potentially to be excluded, judging by their market cap.
Source: Moomoo, Bursa Malaysia, The Edge Malaysia
5. Seasonality & Year End Window Dressing: Myth or Fact?
The concept of a stock market seasonality suggests that the stock market exhibits recurring trends and behaviors during specific times of the year. One of the example is the "Santa Claus rally," where the stock market experiences a positive upswing in the latter portion of December near Christmas and New Year's Day.
"Window Dressing" in stock market refers to trading activities near the end of a quarter or fiscal year that is designed to improve the appearance of a portfolio to be presented to clients or shareholders.
Based on the table below, worth to note that from the past 10 years (2013 - 2022), December is most likely the best month of the year, with 9 out of 10 ended with gains, while September potentailly the worst performer of the year, with 8 out of 10 in losses.
Source: Moomoo, Nasdaq, Bloomberg
What your thought on how the stock market performance will be for the coming December 2023? Feel free to leave a comment.
This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. Read more