Malaysian Stocks Form Golden Cross Amid Bull-Market Run: Chart

Malaysia may be poised for more gains after the benchmark in Kuala Lumpur formed its first golden cross in a year. The advance for the FTSE Bursa Malaysia KLCI Index pushed the 50-day moving average above the 200-day line, a trading pattern seen as a bullish indicator. The rally comes as foreign funds pour money into the world’s longest bull market at the fastest pace in Southeast Asia this year.