KUALA LUMPUR: Consumer stocks, which are the best performer so far this year, continue to dominate the gainers’ list on Bursa Malaysia in early trade. Nestle (M) Bhd , Dutch Lady Milk Industries Bhd and Fraser & Neave Holdings Bhd (F&N) have been hitting historical highs. Another counter that hit its all time-high is Dutch Lady. In view of the uncertainty and volatility, equity investors are reducing risk by switching into defensive stocks. “Also, with a low free float and trading liquidity, these defensive stocks are moving up fast as investors load up the stocks,” Yong said.

Source: The Star March 14, 2018 01:52 UTC