Best Quarterly Performance For KLCI !

Malaysia's Kuala Lumpur Stock Exchange had its best quarterly performance in seven years, rising 13.7% in the first quarter of 2007! This is a sustained performance after the fine 13.3% rise in the fourth and final quarter of 2006. The rise was achieved admidst the 100+ point market plunge during end Feb and mid March following global stockmarket crash! This in fact make Kuala Lumpur Composite Index (KLCI) among the best performer in Asia after China and Vietnam. Not bad indeed, considering it was only about six months ago, Malaysia stockmarket was still under-performing the regional markets and was in fact one of the worst performing markets in Asia! Many people have actually written Malaysia off and had painted gloomy future for the country. What caused this sudden change in momentum and market perception? Is Malaysia truly back in the hot seat and close radar for foreign investors?