Australia Macro+ Week Ahead | Asia Pacific: Retail Flows - Profit and Loss

Research evidence excerpt

Australia Macro+ Week Ahead | Asia Pacific: Retail Flows - Profit and Loss

Idea

June 21, 2026 08:00 PM GMT

Morgan Stanley Australia Limited+MAustralia Macro+ Week Ahead | Asia Pacific Chris Nicol

Equity Strategist

Retail Flows - Profit and Loss Chris.Nicol@morganstanley.comChris Read +61 3 9256-8909

Equity Strategist and Australia Economist

Chris.Read@morganstanley.com +61 2 9770-1513

We update our online retail activity trading database for the All Antony Conte

Ordinaries universe ahead of financial year-end. Seasonal EquityAntony.Conte@morganstanley.comStrategist +61 2 9770-1544

analysis shows online retail investors have historically been net Isabel Black

sellers of stocks in June. Bookkeeping into year end makes Isabel.Black@morganstanley.com +61 2 9775-2519

screening high activity stocks for P&L topical.

What's Topical? The Retail Investor: Online retail investors continue to account for

~5.0% of total market value traded across the All Ordinaries universe, with

participation rising to a median 8.0% at the stock level and retaining a modest net

buying bias. FY26 is on track to deliver record retail trading activity, while the

broader market is also poised for a fiscal-year high in turnover, aided by elevated Exhibit 1 : Macro catalysts for the week

volatility. Health Care, Energy and Technology attract the highest levels of retail ahead

participation, while Real Estate remains the least represented sector. Industrials and MondayRelease22 June Period MSe Consensus Prev.

Technology exhibit the strongest selling bias, whereas Energy, Health Care and Tuesday 23 June

Consumer Discretionary continue to attract net buying interest. Ahead of financial Wednesday 24 June