The 12th Malaysian General Election was held on March 8, 2008. Polls opened in Malaysia on Saturday as voters cast ballots for 222 parliamentary seats and 12 state legislatures. The coalition won 91 percent of parliamentary seats in 2004 election, but not this time around. It was a historic date indeed.
'Barisan Nasional was able to return to power and form the next government, with a simple majority but without the crucial two-thirds majority in parliament. It is BN's worst performance in Malaysia's general election since independence in 1957, winning only 63.5% (140 out of 222) of parliamentary seats that were contested; the only other time the 14-party coalition failed to win a two-thirds majority was in 1969 when it secured 66% of the seats.
'Everyone knows what happened in 1969.
Read more here.
'On March 10, the first trading day since the election, stocks in the KLCI fell 9.5% from 1,296.33 points to 1,173.22 points by 5.00 pm (MST), its biggest one-day decline in a decade. Trading in the KLCI was automatically halted for an hour after stocks fell beyond the 10% limit at 10.5%, as a measure to curb "panic selling"; the KLCI resumed trading at 4.00 pm.
'Source: Malaysia General Election 2008
'Barisan Nasional was able to return to power and form the next government, with a simple majority but without the crucial two-thirds majority in parliament. It is BN's worst performance in Malaysia's general election since independence in 1957, winning only 63.5% (140 out of 222) of parliamentary seats that were contested; the only other time the 14-party coalition failed to win a two-thirds majority was in 1969 when it secured 66% of the seats.
'Everyone knows what happened in 1969.
Read more here.
'On March 10, the first trading day since the election, stocks in the KLCI fell 9.5% from 1,296.33 points to 1,173.22 points by 5.00 pm (MST), its biggest one-day decline in a decade. Trading in the KLCI was automatically halted for an hour after stocks fell beyond the 10% limit at 10.5%, as a measure to curb "panic selling"; the KLCI resumed trading at 4.00 pm.
'Source: Malaysia General Election 2008
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