KUALA LUMPUR: The FBM KLCI rebounded highly from sharp declines earlier in the week as equities prices lifted from highly oversold positions.
At 12. 30pm, the key index has been up 19. twenty five points to 1, 486. 25, defying requirements of continued caution ahead of the Jackson Pit Economic Symposium which is set to start later tonight.
Marketplace breadth was good with 491 gainers compared with 250 decliners. Trading volume was 1 . 32 billioin shares valued in RM841. 27mil.
Index stocks that will led the gains consist of IHH up 12 sen to RM6. 34, Tenaga Nasional rising 20 sen to RM8. sixty one and Maxis bouncing 13 sen in order to RM3. 87.
Bank counters had been also up in front of earnings results, including Maybank gaining three sen to RM8. 84, CIMB incorporating three sen in order to RM5. 39, Hong Leong Bank bouncing 24 sen in order to RM20. 70 and RHB gaining 8 sen to RM5. 78.
Oil and gas stocks were also bostered by the rising crude oil prices. Hengyuan rose 48 sen to RM5. 77, Petron Malaysia 
jumped 26 sen to RM5. 82 and Dayang has been up three sen to RM1. ten.
Among top actives, Serba Dinamik dropped one particular sen to a few. 5 sen, TWL was unchanged with five sen plus Hibiscus Petroleum increased eight sen in order to RM1. 04.
In Asian markets, equities tracked Wall Street’s bounce higher. Japan’s Nikkei rose 0. 6% to twenty-eight, 491, South Korea’s Kospi climbed 1% to 2, 470 and China’s amalgamated index gained 0. 4% to three or more, 228.
Hong Kong’s Hang Seng was closed for any national holiday while Australia’s ASX200 put on 0. 6% to 7, 043.