Market Wrap - Wednesday, 10 March 2010

Asian stocks closed with little change, HSI closed flat, Nikkei was down by 0.04% and STI rose by 0.8%. FBM KLCI surged higher by 10.28 points to close at 1,328.22. Top gainers are PPB (+60sen, RM17.30), BAT (+44sen, RM43.98), Nestle (+42sen, RM34.52), KLK (+38sen, RM17.02) and CIMB (+14sen, RM14.28).

China exports and imports figures in February was higher than forecast. With the fear of heightened inflation, policy makers in China may be pressured to withdraw its stimulus measures and raising interest rate.

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