Investors were seen returning to consumer staples on anticipation over an improved demand outlook even though the coming corporate earnings season kept a cautious mood.
Trading volume was muted compared to the robust activity that took place in the previous week as investors speculated on small-cap oil and gas counter.A similarly positive performance was seen in key regional markets. Japan's Nikkei was up 2.8% while China's Shanghai Composite index gained 0.7% and Hong Kong's Hang Seng added 0.7%.On the Malaysian bourse, consumer giant Nestle was seen leading the sector higher, rising RM2 to RM137.40.
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