KUALA LUMPUR : BURSA Malaysia ended the volatile 2013 as the best performer among Southeast Asia's top four stock exchanges, amid a quiet last trading day, yesterday. The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) saw a full-year gain of 10.5 per cent in 2013. This was significantly higher than Singapore's FTSE Straits Times Index's gain of 0.01 per cent, Indonesia's Jakarta Composite Index (-0.98 per cent) and Thailand's FTSE SET Index (-6.70 per cent). Overall, Bursa Malaysia is the region's second best-performing bourse after Vietnam , whose benchmark index rose 21.97 per cent for the year. On the last trading day, the FBM KLCI - which tracks the top 30 companies with the highest market capitalisation - closed at 1,866.96, which was 192.24 points higher than the 1,674.72 closing on January 2 last year. Yesterday, however, the key index closed 5.56 points lower, one day after it ended at a historical high of 1,872.52. Analysts said Bursa Malaysia's performance was something to shout about as the gap with its key regional peers was big, despite challenges throughout the year, such as the 13th General Election and political skirmishes. " Bursa Malaysia has done well and is poised for greater growth in 2014 as Malaysia is set for its cyclical economic recovery, riding on its bold economic reforms to improve public finance and a turnaround in exports," Affin Fund Management Bhd head of investment Amenudden Abd Hadi told Business Times. Bursa Malaysia also fared reasonably well against its bigger Asia Pacific peers, such as South Korea's Kospi Index, which gave a fullyear return of nine per cent, and Hong Kong's Hang Seng Index's 10.1 per cent. Meanwhile, Tenaga Nasional Bhd was the best-performing FBM KLCI component stock for 2013, with a 65.7 per cent gain. This was followed by SapuraKencana Petroleum Bhd (+57.4 per cent), PPB Group Bhd (+39.1 per cent), Petronas Dagangan Bhd (+35.4 per cent) and MISC (+32.7 per cent). Component stocks with the poorest performance were Telekom Malaysia Bhd (-8.1 per cent), DiGi.Com Bhd (-6.9 per cent) and Felda Global Ventures Holdings Bhd (-1.3 per cent).
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