Petronas Chemicals Berhad Stock (Blue Line):

2016-2018: Steady growth due to strong financial performance and high demand for petrochemical products.

2018-2020: Volatility from crude oil price fluctuations and geopolitical uncertainties.

2020-2021: Sharp decline due to COVID-19, followed by gradual recovery.

2021-2022: Significant increase driven by global demand recovery and higher oil prices.

KLCI Index (White Line):

2016-2018: Steady growth reflecting positive market sentiment and economic growth in Malaysia.

2018-2020: Volatility from external factors like trade tensions and global market fluctuations.

2020-2021: Sharp decline due to COVID-19, followed by gradual recovery.

2021-2022: Recovery driven by overall economic improvement and positive market sentiment.

AXIS REAL ESTATE INVESTMENT TRUST (AXIS-REIT)

The graph above shows the performance between (KLCI) Kuala Lumpur Composite Index in white line and AXIS REIT in blue line:

1. Correlation Trends (2014–2018):

2014–2017: Both Axis REIT and KLCI display upward trends, with KLCI showing higher volatility due to its broader market exposure, while Axis REIT grows steadily, reflecting the stability of the real estate sector.

2017 Peak: Both indices reach a peak around 2017, with KLCI peaking higher as it reflects the broader market's bullish phase. Axis REIT follows but with less extreme changes.

2017–2018 Decline: A significant decline is observed in KLCI, driven by political instability and market corrections. Axis REIT experiences a milder decline due to the defensive nature of its industrial property investments.

2. Divergence (2018–2020):

2018–2020 Recovery: Axis REIT shows steady performance during this period, supported by resilient demand for industrial properties, while KLCI exhibits higher volatility due to political and economic uncertainties (e.g., Malaysia’s 2018 General Elections and global trade tensions).

2020 Dip (COVID-19 Impact): Both indices decline during the COVID-19 pandemic, with KLCI experiencing a sharper fall as the broader market reacts to global panic. Axis REIT's decline is limited by consistent rental income from its portfolio.

3. Post-2020 Trends:

Volatility: From 2021 onwards, KLCI exhibits inconsistent recovery due to external economic pressures and fluctuating investor confidence. Axis REIT, however, shows more stability and resilience, supported by increased demand for industrial and logistics properties during the e-commerce boom.

2022–2024: Axis REIT demonstrates a steady upward trend, driven by portfolio expansion and strong rental income. KLCI struggles to maintain consistent growth, reflecting broader economic challenges and market uncertainties.

The graph shows two lines representing the performance of : 

Al-‘Aqar Healthcare REIT (blue line) and FTSE Bursa Malaysia KLCI Index (white line).

1. Correlation Trends (2014 - 2018): 

• 2014 - 2017: Both the Al- ‘Aqar Healthcare REIT and the FTSE Bursa KLCI show upward trends, with the FTSE Bursa outperforming Al-‘Aqar during the period leading up to 2017. 

• 2017 Peak: Both indices reach a peak around 2017. Al-‘Aqar's peak is slightly delayed but follows the general market trend.  

• 2017 - 2018 Decline: A sharp decline in both occurs post-2017, with the FTSE Bursa falling more significantly. Al-‘Aqar follows but at a slower pace. 

2. Divergence (2018 - 2020): 

• 2018 - 2020 Recovery: Al-‘Aqar shows a partial recovery in 2019 while the FTSE Bursa KLCI experiences more volatility and a slower upward trend. This indicates Al-‘Aqar's resilience compared to the broader market. 

• 2020 Dip (COVID-19 Impact): Both indices show steep declines around early 2020, aligning with the economic shock of the COVID-19 pandemic. 

3. Post-2020 Trends: 

• Volatility: From 2021 onwards, both lines exhibit high volatility. However, Al-‘Aqar (blue line) shows slightly stronger resilience compared to the FTSE Bursa. 

• 2022 - 2024: Al- ‘Aqar stabilizes and gradually trends upwards, while the FTSE Bursa KLCI demonstrates less recovery, suggesting investor confidence in the healthcare REIT sector.