Cautious gallop for small caps

WHILE the Fire Horse appears to be sauntering out of its stables in relation to the FBM KLCI since Feb 17, it must be acknowledged that 2026 has started with a bang for the premier index with an average year-to-date (y-t-d) return of 4.5% .

The same, however, cannot be said of the FBM Small Cap Index, which in comparison to its big-sister bourse, has posted a moderate 1.4% return since Jan 1.