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More substance in picking small-cap jewels

Measuring performance with customised index

LAST week, this column discussed Bursa Malaysia indices and how they have performed over the past three years. As we are aware, investing today is more about picking the right sectors or market themes and with that, the individual stocks that will make up an equity investment portfolio.

Small Stocks Crush Malaysia Benchmark, Unseen in Decades

Small Stocks Crush Malaysia Benchmark, Unseen in Decades Bloomberg 1 hr ago Chan Tien Hin and Abhishek Vishnoi (Bloomberg) Malaysia’s main equity index is languishing, but the nation’s small stocks are powering ahead as retail investors pile into a risky corner of the market. The FTSE Bursa Malaysia Small Cap Index has jumped 34% from a November low and is trading at the highest level since 2000 relative to the FTSE Bursa Malaysia KLCI Index. The benchmark index is down 1.6% for the year. © Bloomberg Malaysia s small stocks trading at highest level since 2000 versus benchmark index The outperformance has seen the small-cap index’s market value almost triple from a year earlier to a record 137 billion ringgit ($33 billion), underscoring the growing heft of amateur stock-pickers who drove up market volumes globally last year.

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