Malaysia Property Stocks Flash Bullish Sign as Rally Mounts

Photographer: SeongJoon Cho/Bloomberg
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A rally in Malaysian developers’ shares is gathering pace as they head for the longest streak of gains this year.

Gromutual Bhd. soared as much as 22% to the highest level since October 2018, while Eco World Development Bhd., MCT Bhd. and Hua Yang Bhd. rose more than 5% each. The Bursa Malaysia Property Index climbed for a fifth day.