Kuala Lumpur, Aug 11 – Bursa Malaysia ended slightly lower on Thursday with the main index, FBM KLCI rose 13.23 points or +0.89% to 1,505.56. KLCI was buoyed by positive sentiment as the US inflation print, CPI (consumer price index) came lower than expected. Asian stocks rallied tracking the performance of Wall Street overnight, after a softer-than-expected U.S. inflation report encouraged bets of less aggressive rate hikes from the Federal Reserve. The July CPI was lower than expectations due to a sharp drop in the cost of petrol, causing markets to reposition on hopes that inflation reached its peak. Meanwhile, Hong Kong’s HSI has rebounded from its recent losing streak, made a strong comeback to the 20,000 psychological level driven by tech sector; inflows of funds were said to dip-buying on selected stocks.
** The FTSE BM KLCI opened at 1,497.81. The index fluctuated between 1,497.81– 1,504.94.
** 628 counters are gainers, 379 counters are unchanged, while 260 counters are losers.
** Total volume of 2,548,604,600 shares changed hands; while Turnover of RM 1,969,645,144
** The Top 5 Gainers: MPI (32.20, +1.38) ; SAM (4.59, +0.74) ; HEIM (24.38, +0.62) ; F&N (23.02, +0.52) ; NESTLE (135.80, +0.50)
** The Top 5 Losers: SP500-H13 (1.61, -0.21) ; HARTA (2.28, -0.17) ; HSI-HEI (0.695, -0.16) ; HSI-HKA (1.51, -0.16) ; HSI-HEN (0.625, -0.155)
** The Top 5 Most Active Stocks: MTRONIC (0.05, -0.005) ; SFPTECH (1.13, +0.19) ; G3 (0.03, -0.005); FINTEC (0.01, UNCHANGED) ; GPACKET (0.055, +0.005)
* Singapore’s Straits Times Index (STI) rose 12.59 points or +0.38% to 3,298.92; Hong Kong’s HSI jumped 471.59 points or +2.40 % at 20,082.42; Korea’s Kospi Index rose 42.90 points or +1.73% at 2,523.78; Shanghai’s SSE Index climbed 51.65 points or +1.60% at 3,281.67; Australia’s ASX 200 up 78.30 points or +1.12% at 7,071.
