Malaysian stocks fell 0.7%, and WeChat rebounded 13.51% after responding to UMA

The US announced the consumer price index (CPI) for February last night. Inflation rose 3.2% higher than expected, but investors were unaffected, driving the three major US stock indices to close higher. Most of the Asian stock markets opened up this morning, while Malaysian stocks reversed the market and fell. As of 9:15, the FTSE Composite Index reported 1543.67 points, down 10.89 points, or 0.7%

The composite index opened lower at 1543.51 points this morning, and the provisional report was 1543.67 points.

The temporary trading volume of Malaysian stocks was 604.25 million shares, with a transaction value of RM186.83 million. There were 237 rising stocks, 193 falling stocks, and 331 flat stocks across the market.

Sarawak Concrete (SCIB, 9237, Main Board Industries) announced yesterday (11th) the cancellation of a contract worth 97.75 million with Landasan Kapital, which dragged the stock down this morning.

Sarawak concrete fell 1.5 cents, or 4.62%, to 31 cents.

On the other hand, MicroLN (MICROLN, 0126, GEM) rebounded this morning after 2 days of sharp decline. The stock rose 5 cents, or 13.51%, to 42 cents, with a turnover of 19.15 million shares, making it the 4th most popular stock and the 4th most rising stock.

The company yesterday responded to an inquiry from the Malaysian Exchange's Unusual Market Activity (UMA), saying it did not know the reason for the sharp drop in the company's stock price.