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KUALA LUMPUR: Malaysia's stock market recorded its best performance to date on Monday, with the FBM KLCI ending 3.38% higher at 1,752, as funds snapped up blue chips after Barisan Nasional stayed in power though with a smaller margin.
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.
KUALA LUMPUR: Investors are re-examining their investment strategies and turn from defensive to aggressive in anticipation of a post-election rally, said Hwang DBS Vickers Research (HDBSVR).
KUALA LUMPUR: Malaysian banks are expected to play catch-up with regional peers as the removal of the political overhang from the 13th General Elections should lead to lower risk premiums, says RHB Research.