Bursa rallies on political clarity, KLCI up 4.04pct

Bursa Malaysia rallied to a near three-month high today, with the key index rising by 4.04 percent, on bullish market sentiment following clarity in the local political scene, coupled with positive external developments that fuel investors’ risk appetite.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) jumped 58.38 points to end the day at 1,501.88 compared with 1,443.50 at yesterday’s close.

The market bellwether...