NVDA
NVIDIA
-- 144.361 PLTR
Palantir
-- 69.520 SMCI
Super Micro Computer
-- 41.420 TSLA
Tesla
-- 351.945 MRVL
Marvell Technology
-- 118.530 
2023 Recap | YTL Power Take the Lead in the Malaysian Stock Market
The Utilities sector in the Malaysian stock market experienced a notable gain of 76.10% this year, which can be attributed to its earnings resilience supported by regulated assets for power and gas utilities.![]()
The Real Estate sector closely followed with an annual increase of over 20%, which can be attributed to the government's supportive policies, including incentive measures and loose monetary policy. These policies have driven real estate transactions, boosting confidence among buyers and investors alike.![]()
Check out the performance of the different sectors in the Malaysia stock market below:
This year, $YTLPOWR (6742.MY)$ and $YTL (4677.MY)$ have delivered remarkable results, with annual gains exceeding 200%, making it the best-performing company with a market capitalization exceeding MYR 5 billion. $MCEMENT (3794.MY)$ closely follows them, with the 101.43 % gain YTD.
YTL Power purchased an 18.9% stake in $RANHILL (5272.MY)$ on November 1, driving up the hydropower utility company's stock. Ranhill's stock price has risen by 56% after the announcement. The improvement in the company's profitability has also boosted YTL Corp, which derives more than half of its revenue from the power sector.![]()
Below are the best-performing Malaysian stocks in 2023:
Source: Bursa Malaysia, Bloomberg, moomoo
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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