Aftermath of Malaysia's 13th General Elections

After GE13: KLCI Climbs to All Time High

While the incumbent Barisan Nasional won this elections, they did it with a reduced majority. If the trend continues, by the next election, the Opposition might be able to prevent the incumbent from attaining a simple majority.

Nevertheless, the markets zoomed upwards to all time highs, by leaping upwards almost a 130 points on news that the incumbent, known to be pro-business had won. The market stabilized at +50 points at lunch break. 

Most counters were up very significantly, that included mainly the banks: CIMB, Maybank.
As for Supermax, news of its owner supporting the Opposition party, drove down its prices another 5 cents to RM1.95

Though Supermax is purely export business, speculators continue to dump its shares on fear of potential blowback. In my opinion, this presents a good collection opportunity for the avian flu play. Not all is lost. This counter is severely undervalued. 

CSL also had a mild rebound, as expected.