KUALA LUMPUR: After a stellar 16% rally last year, small-cap stocks in Malaysia have had a rough start to 2018 as investors switch to defensive blue chips ahead of the nation’s general election next month.
The FBM Small Cap Index has dropped 14% this year, its worst start to the year since 2008. In comparison, the nation’s benchmark index has gained 4.6% – making it Asia’s second-best performing stock market – as foreign inflows near the US$1bil mark.
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