Market Closing Update : Epic Research Malaysia

Malaysian stocks recorded their biggest advance in two years, led by a rally in state-controlled companies, after Prime Minister Najib Razak said the government will tap a fund to support the nation's equities.

The FTSE Bursa Malaysia KLCI Index surged 2.3 per cent to 1,639.63 at the 5 pm close in Kuala Lumpur, the most since May 2013.

Tenaga Nasional Bhd, a government-controlled power utility, jumped 6.6 per cent, the most since December 2013.

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