Consumer stocks to gain on spending measures

TheStar Fri, Jul 05, 2024 12:00am - 2 months View Original


Tradeview Cpital's Ng opines that big-ticket items may continue to face challenges in the current market.

PETALING JAYA: Consumer stocks, particularly those selling small-ticket items, are poised to benefit from the government’s initiatives to boost consumption.

The sector at large is still considered a laggard.

The Bursa Malaysia consumer products and services index has been on an upward trajectory since late 2023, before seeing a decline of 4% over the past month after peaking in May.

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