Blue chips hold on to gains, KLCI up nearly 11 points as at 5pm.

Blue chips hold on to gains, KLCI up nearly 17 points in late afternoon
Malaysia Sun
Monday 14th February, 2011
(Source: The Edge Daily)

KUALA LUMPUR: Blue chips held on to their gains on Monday, Feb 14, as investors? sentiment was underpinned by the positive external data while the broader market reflected some optimism.

At Bursa Malaysia, the FBM KLCI rose 16.99 points to 1,511.51 as at 3.28pm.

Turnover was 1.39 billion shares valued at RM1.19 billion. Advancers beat decliners 526 to 237 while 267 stocks were unchanged. China's main stock index posted its best daily performance in two months on Monday, closing up 2.5% at an eight-week high, as talk of slower-than-expected inflation in January suggested to investors that more policy tightening could be postponed.

According to Reuters, traders said that consumer prices (CPI) may have risen 4.9 percent in the year to January, well below the consensus forecast of 5.3 perce... ...