China’s latest retail sales, industrial output data surpass consensus expectations.
KUALA LUMPUR: Bursa Malaysia bounced to close at its intra-day high today as China’s better-than-expected latest economic data lifted regional sentiment.
He said market sentiments also got a boost from China’s move late yesterday to cut its reserve requirement ratio by 25 basis points, injecting around US$69 billion to aid its economic recovery. Turnover jumped to 4.02 billion units worth RM4.31 billion against yesterday’s 2.96 billion units worth RM2.2 billion.
Of the actives, Sapura Energy eased 0.5 to 5.5 sen while YTL was flat at RM2.08 and Ekovest gained 2.5 sen to 55 sen. Sector-wise, the financial services index widened 92.81 points to 16,330.23, the energy index was 12.45 points better at 893.86 and the industrial products and services index inched up 2.24 points to 174.48.The main market’s volume widened to 3.02 billion units worth RM4.08 billion from 2.12 billion units worth RM2 billion yesterday.
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