Politically-linked Malaysian stocks rise and fall with new leadership at the helm

[KUALA LUMPUR] The conclusion of Malaysia’s 15th general election has provided a fillip to the country’s stock market. There have also been some pockets of increased interest in stocks with perceived political connections.

The benchmark Kuala Lumpur Composite Index (KLCI) closed at 1,477.19 points on Friday (Dec 9), up close to 2 per cent from 1,449.32 points on Nov 17 – the last trading day before the country’s snap polls.

Loo Boon How, a dealer representative at Affin Hwang Investment Bank, observed that market sentiment improved following the end of the country’s political impasse.