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Small Stocks Crush Malaysia Benchmark, Unseen in Decades : v
Small Stocks Crush Malaysia Benchmark, Unseen in Decades : v
Small Stocks Crush Malaysia Benchmark, Unseen in Decades
Small Stocks Crush Malaysia Benchmark, Unseen in Decades
Bloomberg
1 hr ago
Chan Tien Hin and Abhishek Vishnoi
(Bloomberg) -- Malaysia’s main equity index is languishing, but the nation’s small stocks are powering ahead as retail investors pile into a risky corner of the market.
The FTSE Bursa Malaysia Small Cap Index has jumped 34% from a November low and is trading at the highest level since 2000 relative to the FTSE Bursa Malaysia KLCI Index. The benchmark index is down 1.6% for the year.
© Bloomberg
Malaysia's small stocks trading at highest level since 2000 versus benchmark index
The outperformance has seen the small-cap index’s market value almost triple from a year earlier to a record 137 billion ringgit ($33 billion), underscoring the growing heft of amateur stock-pickers who drove up market volumes globally last year.
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