Wednesday, March 24, 2010

Malaysia stock mart raised to ‘overweight’

MALAYSIA'S stock market was upgraded at BNP Paribas SA, which said banks, plantation and construction companies will outperform in the next nine months.

The market was raised to “overweight” from “underweight,” BNP said in a report today.

“Heightened regional volatility has prompted portfolio money to flow into defensive sectors and markets such as Malaysia,” BNP said. - Bloomberg

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