Stockmarket.com.my

It is reported that from January to June, the gainers list of the country’s share market are widely dominated by consumer counters and this is due to their relatively high-priced stocks where the maker of electrical goods, Panasonic closed he highest at RM234.32 on June 30 with an RM5.82 jump. For its financial year ending March 31, Panasonic reported a higher net profit of RM82.7 million. Last year, it closed at RM64.9 million.

Meanwhile, the other consumer goods companies like Nestle, BAT, F&N too recorded higher profits. Nestle, the manufactures of Nescafe and Milo saw their net profit increase by 10% for the quarter ending March 31 for RM152.7 million while the same period last year, they recorded RM138.8million. MFM or Malayan Flour Mills also recorded profit for their 2010 financial year although they are wary of the challenges this year.

Top gainers in the Bursa also include financial companies like Hong Leong where the share closed at RM13.18 in end June, which is RM4.29 higher. A year ago, they recorded a close at RM13.38 which was RM4.18 higher. This was widely contributed to the recent news that Hong Leong was slated to take over EON Capital Berhad which increased investor’s confidence in the company’s shares.