Cheers to brewery stocks, shares rise on price increase

A bartender serves a glass of Carlsberg beer at a bar in Kuala Lumpur, Malaysia in this July 4, 2012 file photo. - REUTERS

PETALING JAYA: Brewery stocks advanced on the back of a price increase by an average of 2% to 2.5% effective July 1, 2016.

This was a result of the expiry of the Anti-Profiteering Act on June 30, where both brewers reported a price adjustment that resulted in a hike of 2% to 2.5% in average selling prices (ASPs).