KUALA LUMPUR:'' The FBM KLCI snapped its three-day losing streak on Monday, Feb 14 as Asian markets rose more than 1% while the Shanghai Composite Index jumped almost 2% on expectation that China's inflation would be slower-than-expected in January.
Traders said that consumer prices (CPI) may have risen 4.9% in the year to January, well below the consensus forecast of 5.3%, according to Reuters. The official inflation data will be announced on Tuesday, Feb 15.
The FBM KLCI rose 1.03% or 15.41 points to 1,509.93 at the mid-day break, lifted by gains including at banking stocks, Tenaga and Genting.
Gainers led losers by 485 to 211, while 267 counters traded unchanged. Volume was 979 million shares valued at RM835.34 million.
The ringgit strengthened 0.01% to 3.0530 versus the US dollar, crude palm oil for the third month delivery fell RM30 per tonne to RM3,876, crude oil rose two cents to US$85.60 while gold rose 73 cents per troy ounce to US$1,357.78.
Japan's Nikkei 225 advanced after data showed Japan's economy shrank slightly in the final quarter of last year but beat forecasts for a bigger contraction, according to Reuters.
Among the major gainers on Bursa Malaysia this morning, BAT jumped 78 sen to RM46.98. RHB Research raised its FY11-12 earnings estimate for BAT by 1.9% each and hiked its fair value to RM43.15.
Among banking stocks, AMMB added 15 sen to RM6.30, HLFG and RHB Capital 12 sen each to RM8.87 and RM8.01, CIMB 11 sen to RM8.21, Public Bank six sen to RM13.10 and Maybank four sen to RM8.57.
Tenaga added 19 sen to RM6.14, DiGi 40 sen to RM26, Genting and Maxis 10 sen each to RM10.18 and RM5.46, Genting Malaysia seven sen to RM3.36, F&N 42 sen to RM15/64, Kulim 38 sen to RM13.52 and Petronas Dagangan added 26 sen to RM12.48.
Losers this morning included Dutch Lady, United PLANTATION []s, Cocoaland, Ewein, Tasek and Ibraco.
Frontken was the most active counter this morning with 53.1 million shares done. The stock added three sen to 23.5 sen. Other actives included Olympia, Ho Wah Genting, Karambunai, SAAG and Palette.
Traders said that consumer prices (CPI) may have risen 4.9% in the year to January, well below the consensus forecast of 5.3%, according to Reuters. The official inflation data will be announced on Tuesday, Feb 15.
The FBM KLCI rose 1.03% or 15.41 points to 1,509.93 at the mid-day break, lifted by gains including at banking stocks, Tenaga and Genting.
Gainers led losers by 485 to 211, while 267 counters traded unchanged. Volume was 979 million shares valued at RM835.34 million.
The ringgit strengthened 0.01% to 3.0530 versus the US dollar, crude palm oil for the third month delivery fell RM30 per tonne to RM3,876, crude oil rose two cents to US$85.60 while gold rose 73 cents per troy ounce to US$1,357.78.
Japan's Nikkei 225 advanced after data showed Japan's economy shrank slightly in the final quarter of last year but beat forecasts for a bigger contraction, according to Reuters.
Among the major gainers on Bursa Malaysia this morning, BAT jumped 78 sen to RM46.98. RHB Research raised its FY11-12 earnings estimate for BAT by 1.9% each and hiked its fair value to RM43.15.
Among banking stocks, AMMB added 15 sen to RM6.30, HLFG and RHB Capital 12 sen each to RM8.87 and RM8.01, CIMB 11 sen to RM8.21, Public Bank six sen to RM13.10 and Maybank four sen to RM8.57.
Tenaga added 19 sen to RM6.14, DiGi 40 sen to RM26, Genting and Maxis 10 sen each to RM10.18 and RM5.46, Genting Malaysia seven sen to RM3.36, F&N 42 sen to RM15/64, Kulim 38 sen to RM13.52 and Petronas Dagangan added 26 sen to RM12.48.
Losers this morning included Dutch Lady, United PLANTATION []s, Cocoaland, Ewein, Tasek and Ibraco.
Frontken was the most active counter this morning with 53.1 million shares done. The stock added three sen to 23.5 sen. Other actives included Olympia, Ho Wah Genting, Karambunai, SAAG and Palette.
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