Market Updates - 18 Feb, 2015

Bursa Malaysia closes for CNY

Bursa Malaysia Bhd and its subsidiaries will be closed for two days from Feb 19 for the Chinese New Year holidays.

Inflation falls in January from month ago.

Malaysia’s inflation rate, measured by the consumer price index (CPI), fell in January 2015 from the previous month as transport costs declined.

The Statistics Department said on Wednesday when compared with the previous month, the CPI for January 2015 decreased by 1.1%.

Opportunities in oil and gas sector.

UOB Kay Hian Malaysia Research recently downgraded the oil and gas sector from Overweight to Market Weight, given that stock prices have recovered by an average of 30%-40% from their recent lows.

KLCI ends trade-shortened day in the red as MISC, Maxis weigh

The FBM KLCI ended the trade-shortened Wednesday in the red on some selling of MISC and Maxis as investors squared off their positions ahead of the long break for the Chinese New Year.

At 12.30pm, the FBM KLCI was down 2.22 points or 0.12% to 1,807.87. 



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