Domestic-driven stocks in spotlight in Malaysia as new macro blueprints take shape

[KUALA LUMPUR] Market analysts in Malaysia are shifting their attention to domestic-driven stocks following the government’s recent announcements of several new macro blueprints that are likely to give a much-needed boost to the economy.

Most listed companies have announced their second-quarter results, with companies in the automotive, banking and finance, consumer, healthcare, real estate, transport and utilities sectors recording strong earnings growth.

The earnings of companies that relied on exports – such as those in the technology, industrial goods (mainly gloves), agri-business and energy sectors – shrank due to declining orders and lower average selling prices, as well as the weakening ringgit.