Rallying: A man monitoring stock movements at a private trading firm in Kuala Lumpur. Improving earnings prospects and rising participation from retail investors in the equity market are the main drivers of the uptrend in the FBM Small Cap Index. ─ AFP
DRIVEN by retail investors, small-capitalisation (cap) stocks in Malaysia have continued their run-up from last year into the first few months of 2021. The segment, comprising stocks with less than RM2bil in market value, has also outperformed its big-cap counterpart on the local bourse.
As of Thursday, the FBM Small Cap Index had risen about 10% year-to-date (ytd), while the main FBM KLCI Index, which is made up of the 30 companies with the biggest market cap, had lost 1.2%.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
