Consumer stocks are top performers on Bursa Malaysia

The Philippines, Malaysia and Thailand are all posting their fastest economic growth rates in years, while Singapore is poised to keep up that streak in data released on Thursday. All four economies are projected to slow into the final three months of the year while retaining impressive 2017 growth figures and keeping pace into next year, according to Bloomberg survey data.

PETALING JAYA: Stock illiquidity and rising market uncertainties are seen as reasons behind the unexpected strong showing of several foreign-controlled food and beverage (F&B) stocks, which have continued to record new highs.

The multinational corporations – Nestle (M) Bhd, Dutch Lady Milk Industries Bhd and Fraser & Neave Holdings Bhd (F&N), have seen their share prices skyrocketing in recent times amid the bearish sentiment of analysts and the generally lacklustre FBM KLCI’s performance over the past few weeks.