Kuala Lumpur, December 14 – Moving in tandem with regional peers, Bursa Malaysia ended in capped gains on Wednesday with the benchmark index FBM KLCI advanced 13.05 points or +0.89% at 1,483.17. The main index was buoyed by buying interest on selected heavyweights.
All Asian bourses closed higher after the newly-released inflation data in US, the consumer prices increased at a slower-than-expected pace. This has fueled anticipation of inflation had peaked and rate hikes will slow and eventually stop in 2023.
The Federal Reserve is widely expected to raise its benchmark rate a half-point, smaller than the past four hikes of three-quarters of a point.
Hong Kong’s Hang Seng Index has bounced almost 36% from its low of 14615-low in October. The index is now staging a consolidation pending for further catalysts. HSI gained 0.39% to 19,673.45 as investors continue to embrace the prospects of an economic re-opening in China aided by the tailwinds of government support for the property sector and monetary stimulus.
** The FTSE BM KLCI opened at 1,471.89. The index fluctuated between 1,471.64– 1,481.60.
** 532 counters are gainers, 420 counters are unchanged, while 381 counters are decliners.
** Total volume of 2.514 billion shares changed hands; while Turnover of RM 1.903 billion
** The Top 5 Gainers: NESTLE (138.30, +0.90); MPI (30.70, +0.72); HEXTECH (13.72, +0.70); PETDAG (22.00, +0.38); HEIM (25.70, +0.22)
** The Top 5 Losers: DIN045801028 (102.00, -0.50); KESM (7.23, -0.27); CNOOC-C7 (0.005, -0.26); HSI-HK6 (0.335, -0.215); SP500-H13 (1.19, -0.17)
** The Top 5 Active: SNS (0.27, +0.02); ASB (0.175, +0.005); TOPGLOV (0.785, 0.00); DATAPRP (0.25, -0.005); HSI-CLC (0.565, 0.00)
Singapore’s Straits Times Index (STI) up 10.21 points or +0.31% to 3,281.49; Hong Kong’s HSI gained 77.25 points or +0.39% at 19,673.45; Japan’s Nikkei 225 Index climbed 201.36 points or +0.72% at 28,156.21; Shanghai’s SSE Composite Index up 0.20 point or +0.006% at 3,176.53; Korea’s Kospi Index rose 26.85 points or +1.13% at 2,399.25; Australia’s S&P/ASX 200 Index climbed 48.00 points or +0.67% at 7,251.30.
