Sarawak counters grabbing the limelight
Stocks that have seen substantial upward moves of late include Naim Holdings Bhd, Cahya Mata Sarawak Bhd (CMSB) and Hock Seng Lee Bhd (HSL).
PETALING JAYA: Sarawak counters were in the limelight yesterday on the possibility of a new thematic play emerging on the local bourse away from the oil and gas counters.
Expectations or speculation of an early state election in Sarawak also helped perk up sentiment on these stocks, given that there could be possibilities of increased contract flows, dealers said.
“It may be quite early for a Sarawak thematic play, but the stocks appear to be moving up with strong gains. Simmering discussions on possible early state elections to be called in Sarawak also help in this sense,” a market observer said.
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