Riding on an M&A theme

TheStar Sat, Oct 24, 2020 09:10am - 3 years View Original


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.

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.

...

Full Article on TheStar

The content is a snapshot from Publisher. Refer to the original content for accurate info. Contact us for any changes.






Related Stocks

4952 0.000
AMBANK 4.170
ARMADA 0.570
ASTRO 0.305
AXIATA 2.690
CDB 4.210
CIMB 6.550
DPHARMA 1.200
EDGENTA 0.950
HARTA 2.750
MAYBANK 9.650
MBSB 0.795
PHARMA 0.360
SAPRES 0.330
SIME 2.600
SIMEPLT 4.350
SIMEPROP 0.920
SPSETIA 1.420
TENAGA 11.240
UEMS 1.210
UMW 4.970
VELESTO 0.290

Comments

Login to comment.