KUALA LUMPUR: ROBUST consumer spending and improved sentiment arising from the implementation of the Ninth Malaysia Plan has seen the retail sector experience a big lift in the first quarter.
That, along with the spillover effect from the upcoming pay hike for civil servants, has seen the traditional defensive stocks such as Aeon Co
(M) Bhd surge to a fresh all-time high last week as investors became more bullish over the financial prospects for one of the country's largest retailing groups.
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