KUALA LUMPUR: Blue chips held on to their gains on Monday, Feb 14, as investors' sentiment was underpinned by the positive external data while the broader market reflected some optimism.
At Bursa Malaysia, the FBM KLCI rose 16.99 points to 1,511.51 as at 3.28pm. Turnover was 1.39 billion shares valued at RM1.19 billion. Advancers beat decliners 526 to 237 while 267 stocks were unchanged.
China's main stock index posted its best daily performance in two months on Monday, closing up 2.5% at an eight-week high, as talk of slower-than-expected inflation in January suggested to investors that more policy tightening could be postponed.
According to Reuters, traders said that consumer prices (CPI) may have risen 4.9 percent in the year to January, well below the consensus forecast of 5.3 percent, potentially lowering the need for further monetary tightening steps in the near term. The official CPI data will be announced on Tuesday.
At Bursa, BAT climbed RM1.14 to RM47.34, Kulim 54 sen to RM13.68, DiGi 48 sen to RM26.08 while F&N added 40 sen to RM15.62.
Public Bank foreign rose 20 sen to RM13, Tenaga 19 sen to Rm6.14 and Hong Leong Bank 18 sen to RM9.39.
At Bursa Malaysia, the FBM KLCI rose 16.99 points to 1,511.51 as at 3.28pm. Turnover was 1.39 billion shares valued at RM1.19 billion. Advancers beat decliners 526 to 237 while 267 stocks were unchanged.
China's main stock index posted its best daily performance in two months on Monday, closing up 2.5% at an eight-week high, as talk of slower-than-expected inflation in January suggested to investors that more policy tightening could be postponed.
According to Reuters, traders said that consumer prices (CPI) may have risen 4.9 percent in the year to January, well below the consensus forecast of 5.3 percent, potentially lowering the need for further monetary tightening steps in the near term. The official CPI data will be announced on Tuesday.
At Bursa, BAT climbed RM1.14 to RM47.34, Kulim 54 sen to RM13.68, DiGi 48 sen to RM26.08 while F&N added 40 sen to RM15.62.
Public Bank foreign rose 20 sen to RM13, Tenaga 19 sen to Rm6.14 and Hong Leong Bank 18 sen to RM9.39.
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