Stronger Ringgit Boosts Consumer, REITs And Plantation Sectors On Bursa Malaysia
KUALA LUMPUR, Consumer counters are poised to benefit from lower costs of raw material imports and improved margins as the ringgit continues to strengthen, according to Bursa Malaysia Bhd. In a post on X today, it said this has resulted in the Consumer Products and Services sector in the local bourse growing 1.0 per cent last week, followed by REITs with 0.3 per cent and the Plantation sector with 0.2 per cent. Meanwhile, in its Trade Performance and Fund Flow Week Ended Sept 27 report, Bursa Malaysia said the FTSE Bursa Malaysia KLCI (FBM KLCI), pared its gains to close