KUALA LUMPUR: Malaysia's FBM KLCI surged to an all-time high of 1,826 early Monday, while the ringgit advanced to the highest since 1997 against the US dollar, after the Barisan Nasional won 133 parliamentary seats at the 13th General Elections to continue to rule the country.
The relief rally broke past all technical indicators, surging 131.45 points or 7.75%, while CIMB Equities Research upgraded Malaysia from Neutral to Overweight and raised its end-2013 KLCI target from 1,640 to 1,850.
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