Kuala Lumpur, February 10 – Bursa Malaysia rebounded from its one-month low and finished off in green with the benchmark FBM KLCI gained 9.95 points or +0.68% at 1,474.59. The index rallied due to the encouraging figures of 2022 gross domestic product (GDP).
Meanwhile, most Asian bourses slipped demonstrating the risk-off market mood propelled ahead of the US Consumer Price Index (CPI) data which is due for next Tuesday.
Also a weaker-than-expected Chinese inflation data also weighed on regional sentiment. Its Producer Price Index (PPI) has shown a deflation of 0.8% higher than the projections of 0.5% and the former release of 0.7%. It indicates that producers are heavily cutting prices of goods and services at factory gates due to weak demand by the households.
China’s Consumer Price Index (CPI) monthly inflation figure has shown a deflation of 0.8% against an expansion in the inflationary pressures by 0.7%.
Weakness in China has spilled over into the rest of the region, given the country’s role as a major trading hub.
** The FTSE BM KLCI opened at 1,465.05. The index fluctuated between 1,463.31- 1,474.52.
** 403 counters are gainers, 403 counters are unchanged, while 540 counters are decliners.
** Total volume of 4.082billion shares changed hands; while Turnover of RM 2.496 billion
** The Top 5 Gainers: PANAMY (24.70, +1.12); HLBANK (20.48, +0.58); KESM (8.23, +0.33); PETGAS (17.12, +0.30); HLFG (18.22, +0.26)
** The Top 5 Losers: HEXTECH (27.00, -1.44); HSI-CLR (1.54, -0.36); F&N (26.08, -0.32); BAT (11.88, -0.32); KOBAY (2.80, -0.27)
** The Top 5 Active: MYEG (0.61, -0.105); SAPNRG (0.045, 0.000); ZENTECH (0.035, -0.015); MYEG-C4D (0.035, -0.015); VELESTO (0.24, +0.02)
Singapore’s Straits Times Index (STI) fell 0.26 points or -0.01% to 3,359.22; Hong Kong’s Hang Seng Index (HSI) slumped 433.94 points or -2.01% at 21,190.42; Japan’s Nikkei 225 index collected 86.63 points or +0.31% at 27,670.98; Shanghai’s SSE Composite Index down 9.71 points or -0.3% at 3,260.67; Korea’s Kospi Index spiked 74.47 points or +3.11% at 2,469.73; Australia’s S&P/ASX 200 Index shed 56.60 points or -0.76% at 7,433.70.
