Consumer shares rallying on Bursa Malaysia

Wong: ‘Consumer sentiment is pointing to an uptick; if the worst is not over, it would be near the bottom.’

KUALA LUMPUR: Under the hood of Malaysia’s stock market, the worst performer in South-East Asia this year, a record consumer rally is percolating.

While the benchmark equities gauge was down to near a one-year low relative to the MSCI All Country World Index, the Bursa Malaysia Consumer Product Index touched an all-time high last month.