KLSE hits 900, a near 4-year high, on election prospects

The KLSE Composite Index (CI) broke the psychologically important 900-point level yesterday as investor sentiment turned up a notch on anticipation of a landslide victory for the Barisan Nasional in this Sunday's general election. 

Analysts said the volume, which reached nearly 900 million shares, was one of the strongest in recent weeks and was partly due to the large presence of foreign funds picking up blue chips on expectations of a stronger market after a new government is elected.