THE Malaysian stock market has never been a dull one.
It has always been able to attract investors’ interest in the form of corporate actions, merger and acquisition (M&A) activities, frenzied buying (or selling) interest among selected situational stocks, listing of a new public issue and of course, market themes.
We have observed how some of these themes can either send the sector riding sky high or down to the dumps based on investors’ sentiment towards the sector.
The rally in the healthcare sector, in particular glove stocks, has been instrumental in sustaining the market’s momentum while the worst performing sector is the energy sector as valuations took a dive on lower crude oil prices.
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