KLCI would have fallen 11pc year-to-Nov without support of healthcare stocks, says Bursa Malaysia chairmanBursa Malaysia Bhd chairman Tan Sri Abdul Wahid Omar said, thanks to the healthcare stocks, the FBM KLCI only declined 1.6 per cent year-to-November 2020, and Bursa Malaysia became one of the best performing emerging markets in Asean, apart from the Hanoi Stock Exchange..
Abdul Wahid said, thanks to the healthcare stocks, the FBM KLCI only declined 1.6 per cent year-to-November 2020, and Bursa Malaysia became one of the best performing emerging markets in Asean, apart from the Hanoi Stock Exchange. Moving into November-December, Abdul Wahd said glove counters had seen normalisation in their share prices after the sector’s price-to-earnings ratio dropped to below 15 times from its peak of 45 times in August 2020.
Other than healthcare counters, Abdul Wahid said the Technology Index, which soared 72 per cent, as well as Industrial Products and Services Index , were the only two out of 13 Bursa Malaysia sectoral indices which posted positive growth from January to November 2020. He said in the first 11 months of 2020, the average daily value on Bursa Malaysia surged about 114 per cent to RM4.1 billion from about RM1.9 billion in 2019.