Asia Pacific Stocks Edged Up After Sighing Relief at US Core CPI

Kuala Lumpur, Apr 13 –The KLCI moved sideway on Wednesday as investors awaited for fresh new leads in the local bourse as the CI whipsaw around the 1,600-point psychology level. Most of the Asia Pacific stock indexes edged higher as U.S. core CPI fell short of estimates at 6.5%. Consumer prices surged to 8.5% in the 12 months through March, slightly higher than the estimated 8.4%. the Overall equities market remained concerned about a protracted war after Russia said peace talks with Ukraine hit an impasse on Tuesday. It is expected that investors will be on a risk-off mood in the face of headwinds from rising oil prices and the COVID-19 situation in China.

** The FTSE BM KLCI up marginally +0.05  or  +0.00% at 1,597.18.

** The FTSE BM KLCI opened at 1,599.62 . The index fluctuated between 1,596.13 –  1,605.11.

** 505 counters are gainers,  463 counters are unchanged, while 463 counters are losers.

** Total volume of 3,547,773,700 shares changed hands; while Turnover of RM2,242,468,505.

** The Top 5 Gainers :DLADY (34.46, +1.02) ; AEONCR (15.50, +0.60) ; F&N (22.46, +0.40) ; AYER (6.00, +0.20) ; MPI (32.54, +0.20)

** The Top 5 Losers :HEIM (24.00, -0.34) ; PETDAG (21.18, -0.34) ; DINN040000223 (101.20, -0.20) ; GENP (9.00, -0.20) ; PPB (17.16, -0.16)

** The Top 5 Most Active Stocks : VC (0.17, -0.025) ; VIZIONE (0.105, UNCHANGED) ; VIZIONE-WE (0.02, -0.005) ; ATAIMS (0.48, -0.05) ; CSH (0.135, -0.005)

** Singapore’s Straits Times Index (STI) rose 17.98 points  or  +0.54% to 3,348.23 ; Hong Kong’s HSI Index up 55.24 points or +0.26% at 21,374.37;  Japan’s Nikkei 225 surged 508.51 points  or +1.93% at 26,843.49; and Korea’s KOSPI climbed 49.73 points or +1.86% to 2,716.49;  Shanghai’s SSE Index shed 26.51 points or -0.82% at 3,186.82; Australia’s All Ordinaries up 36.50 points or 0.47% to 7,772.00

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