The truth behind Malaysia’s stock market rally

It would be superficial to suggest that the recent surge in KLCI is due to the leadership change.

(MalaysiaNow) – The recent stock market rally, even as the country grapples with political and economic uncertainty, could be a reflection of the positive forecasts for Asian markets with strong support from oil and technology stocks.

The Kuala Lumpur Composite Index (KLCI) has rallied higher for five straight sessions, gaining more than 80 points.

It now trends above the 1,565 resistance point and is looking positive for investors.

But while some politicians attribute this to the change in leadership, the truth is perhaps much further.

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