Madani framework catalyst in Bursa rally

TheStar Thu, May 23, 2024 12:00am - 3 weeks View Original


Investor Ian Yoong Kah Yin.

PETALING JAYA: The rally in the local equity market has been underpinned by the policy measures introduced by Putrajaya under the Madani framework and macro factors like the China + 1 strategy global investors have adopted as economic tensions rise between Beijing and the West.

The foresight to respond to the evolving demand of the global supply chains with policies such as the National Energy Transition Roadmap (NETR) is starting to pay dividends, more so on Bursa Malaysia.

Stocks in the utility, IT and construction sectors like YTL Power International Bhd, SNS Network Technology Bhd, Vstecs Bhd, Tenaga Nasional Bhd, Sunway Construction Group Bhd and Solarvest Holdings Bhd are among many that have gained from the NETR thematic.

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