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.
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