Longest rally in 16 years. The KLCI is on track for its longest rally since Aug 5 1994, when the market went up for 11 straight days. The index now is heading towards a 10-day winning streak, as Malaysia fights back against the economic scourge. 31 stocks are trading at their highest level, including national car Proton, which has ramped up higher sales and is riding high on news of a tie up with VW, or so says Kenanga Investment Bank.
I wrote about the tie-up earlier, here.