The KLCI bottomed out at around 1,301 positions during COVID-19, which was further exacerbated by the pandemic’s negative effects on the world market.
As of Monday ( Nov 11 ), the benchmark index has since surged to around 1, 609 points, a 23.7 per cent hike overall.  ,
The Malaysian investment market’s fluctuation between 2018 and 2022, according to Mr. Ng Zhu Hann, founder and CEO of store account manager Tradeview Capital with a base in Kuala Lumpur, is a clear indicator of how sensitive the sector is to leadership unrest.
” So if you look at the chain ( of events that coincided ) with that period, with the changes in administrations, political change from the Sheraton Move, it’s clear that the five year downtrend has to do with political instability”, said Mr Ng.  ,
The Sheraton Move refers to a social maneuver that led to Dr. Mahathir Mohamad’s departure as prime minister and the government’s demise in 2020.
This eventually led to many different prime minister meetings: First, with Muhyiddin Yasin in February 2020, and therefore Mr Ismail Sabri Yaakob in August 2021.  ,
Following the social impasse that resulted from the General Elections in November 2022, Mr. Anwar was appointed prime minister.  ,
Mr Ng said:” Since 2020, the ( Malaysia stock business ) has gone up by nearly 200 details, and this is making us one of Asia’s leading players over the past year, just behind Taiwan and India. The KLCI has resurrected, but it is still not at the 1,800-point levels it was at at the 2018 top.
Mr. Ng noted that Bursa Malaysia as a whole has expanded in addition to the spike in the market index, which is the first time the country’s total market cap has crossed the RM2 trillion ( US$ 454 million ) mark for the first time in May. This is one way to evaluate a company’s worth based on the number of shares of stock and the stock price.  ,
” This has been a broad-based protest led by companies in the home market, banks and even services”, he added.