Malaysia Stock Markets Hit 15-Month High on Optimism PM Election Decision Near – Bloomberg

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Y-Sing Liau
Malaysian stocks surged the most in over two years after veteran opposition leader Anwar Ibrahim was appointed the new prime minister, ending a political impasse that’s weighed on markets this week.
The benchmark FTSE Bursa Malaysia KLCI Index rallied 4% at the close. Gaming and brewery companies including Genting Malaysia Bhd., Sports Toto Bhd., Magnum Bhd., and Carlsberg Brewery Malaysia Bhd. rose as the pro-Malay, Islamist alliance Perikatan Nasional lost out on its bid to form the government.

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