'Congratulations Dato Seri Anwar Ibrahim, is tomorrow a holiday?'
A while ago, Dato Seri Haji Anwar bin Ibrahim officially became the 10th Prime Minister of Malaysia, and will be sworn in at 5pm later.
It was confirmed through the order of the Yang di-Pertuan Agong Al-Sultan Abdullah Ri'ayatuddin Al-Mustafa Billah Shah which was delivered by Istana Negara officials after noon.
The news indirectly brought relief to investors who had been isolated due to political uncertainty after Parliament was suspended for 4 consecutive days.
As a result, the FBM KLCI index of Bursa Malaysia experienced a jump of 40 basis points at 1,483.84 which is a 2% increase from midday yesterday to drive the largest intraday trading level in 2 months.
It is understood that there were 725 counters recording profits compared to 206 counters recording losses with a trading volume of 3.48 million shares worth RM1.68 billion.
Among those who stole the spotlight were Axiata, which rose 28 sen to RM3.10, Maxis added 26 sen to RM3.92, Digi jumped 25 sen to RM4.01, Public Bank gained 19 sen to RM4.47 and Maybank advanced 16 sen to RM8.71. .
Meanwhile, political-related stocks also rose with Advance Synergy up 11.5 sen at 29 sen, Mui Industries jumped 2.5 sen at 12.5 sen while Eden fell 5 sen at 14 sen.
