PETALING JAYA: Steel-related counters on Bursa Malaysia began the week with further big gains after the government announced the second round of anti-dumping duties on foreign steel products in less than a week.
With the fresh anti-dumping duties, investors seem to be expecting an improvement in demand for locally-made steel products, which could further support the earnings recovery in the steel sector moving into 2021.
A quick check on the stock exchange’s list of most active counters showed that many steel players appeared among the top 30 stocks.
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