KUALA LUMPUR: Regional stock markets mostly rebounded on Tuesday, June 14 after China industrial output data came in better than expected and eased worries of a higher inflation in that country.
China's inflation accelerated in May to a 34-month high of 5.5%, while industrial output rose 13.3%, both slightly above expectations, according to Reuters.
The FBM KLCI rose 0.18% or 2.83 points to 1,548.71, lifted by gains at select blue chips and banking stocks.
Gainers trailed losers by 280 to 291, while 304 counters traded unchanged. Volume was 352.02 million shares valued at RM486.61 million.
The ringgit strengthened 0.39% to 3.0295 versus the US dollar; crude palm oil futures for the third month delivery fell RM6 per tonne to RM3,256, crude oil shed 10 cents per barrel to US$97.20 while gold rose US$4.45 an ounce to US$1,520.55.
At the regional markets, Japan's Nikkei 225 jumped 1.17% to 9,559.05, Hong Kong's Hang Seng Index added 0.22% to 22,557.15, the Shanghai Composite Index rose 1.01% to 2,727.57, Taiwan's Taiex gained 1.28% to 8,824.40, South Korea's Kospi rose 1.48% to 2,079.11 and Singapore's Straits Times edged up 0.02% to 3,059.53.
On Bursa Malaysia, Petronas Gas added 20 sen to RM12.16, United U-Li Corp was up 15 sen to RM1.40, Aeon 13 sen to RM7.03, EPIC 11 sen to RM2.67, Sapura Industrial, Nakamichi and Petronas Dagangan added 10 sen each to RM1.61, 98 sen and RM16 respectively, while C.I. Holdings, Cypark and DiGi rose eight sen each to RM3.08, RM2.24 and RM29 respectively.
Among banks, Hong Leong Bank added four sen to RM12.94, Maybank, AMMB and RHB Capital gained two sen each to RM8.74, RM6.38 and RM9.89 respectively, while CIMB was up one sen to RM8.41.
United U-Li was the most actively traded counter with 22.36 million shares done. ''Other actives included Focus, Axiata, Compugates, KNM, Smartag and Asia Media.
Among the decliners, United PLANTATION []s fell 50 sen to RM20, BLD Plantations down 18 sen to RM6.72, Hong Leong Industries 15 sen to RM3.84, Malayan Flour Mills 13 sen to RM7.68, Top Glove and Tradewinds down 12 sen each to RM5.15 and RM10.42, Shell 10 sen to RM10.60 while Ajinomoto and HLFG lost eight sen each to RM4.20 and RM12.30.
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China's inflation accelerated in May to a 34-month high of 5.5%, while industrial output rose 13.3%, both slightly above expectations, according to Reuters.
The FBM KLCI rose 0.18% or 2.83 points to 1,548.71, lifted by gains at select blue chips and banking stocks.
Gainers trailed losers by 280 to 291, while 304 counters traded unchanged. Volume was 352.02 million shares valued at RM486.61 million.
The ringgit strengthened 0.39% to 3.0295 versus the US dollar; crude palm oil futures for the third month delivery fell RM6 per tonne to RM3,256, crude oil shed 10 cents per barrel to US$97.20 while gold rose US$4.45 an ounce to US$1,520.55.
At the regional markets, Japan's Nikkei 225 jumped 1.17% to 9,559.05, Hong Kong's Hang Seng Index added 0.22% to 22,557.15, the Shanghai Composite Index rose 1.01% to 2,727.57, Taiwan's Taiex gained 1.28% to 8,824.40, South Korea's Kospi rose 1.48% to 2,079.11 and Singapore's Straits Times edged up 0.02% to 3,059.53.
On Bursa Malaysia, Petronas Gas added 20 sen to RM12.16, United U-Li Corp was up 15 sen to RM1.40, Aeon 13 sen to RM7.03, EPIC 11 sen to RM2.67, Sapura Industrial, Nakamichi and Petronas Dagangan added 10 sen each to RM1.61, 98 sen and RM16 respectively, while C.I. Holdings, Cypark and DiGi rose eight sen each to RM3.08, RM2.24 and RM29 respectively.
Among banks, Hong Leong Bank added four sen to RM12.94, Maybank, AMMB and RHB Capital gained two sen each to RM8.74, RM6.38 and RM9.89 respectively, while CIMB was up one sen to RM8.41.
United U-Li was the most actively traded counter with 22.36 million shares done. ''Other actives included Focus, Axiata, Compugates, KNM, Smartag and Asia Media.
Among the decliners, United PLANTATION []s fell 50 sen to RM20, BLD Plantations down 18 sen to RM6.72, Hong Leong Industries 15 sen to RM3.84, Malayan Flour Mills 13 sen to RM7.68, Top Glove and Tradewinds down 12 sen each to RM5.15 and RM10.42, Shell 10 sen to RM10.60 while Ajinomoto and HLFG lost eight sen each to RM4.20 and RM12.30.
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