Bursa small-cap index near ten-year high amid tech upcycle, notches RM40b year-to-date gains ...Middle East

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KUALA LUMPUR (June 10): Bursa Malaysia’s FBM Small Cap Index neared a ten-year high on Friday (June 7) amid the widely-anticipated global technology upcycle, with small-cap counters gaining nearly RM40 billion in market value since the start of the year. The FBM Small Cap Index — which includes the top 98% of companies listed on Bursa Malaysia excluding the top 100 — rose 1.21% to hit 19,315.16 points at Friday’s market close, last breached on August 19, 2014. It outperformed the FBM KLCI by gaining 18.1% year to date and 28.8% over the past year. In comparison, FBM KLCI notched relatively lower 11.2% year-to-date gains while growing 17.35% over the past twelve months. Notably, comp

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