KUALA LUMPUR: The FBM KLCI rebounded above the key support level of 1,630 points in morning trade following a sell-off yesterday as investors weighed the risks of an incoming Trump administrations and the prospect of the US dollar outpacing other global currencies.
As the market entered the lunch break, the benchmark index was up 7.43 points to 1,632.9, spurred on by a regional rebound as US technology counters rallied overnight.
There was a return of interest in the lower liners with the broader market registering 502 gainers compared to 464 decliners.
Turnover was 2.42 billion shares changing hands for RM1.6bil.
In key Asian markets, Japan's Nikkei leapt 2.44% to 40,265 as tech shares surged on the back of overnight gains in their US counterparts.
China's composite index slipped 0.32% to 3,196 while Hong Kong's Hang Seng dropped 1.93% to 19,309.
Singapore's Straits Times was up 0.2% to 3,829.
On Bursa Malaysia, Sunway jumped 15 sen to RM4.82 while SD Guthrie gained 15 sen to RM5.07.
Gamuda surged 30 sen to RM5.16 and YTL Power rose nine sen to RM4.53.
Other leading gainers on the bourse included MPI rising 66 sen to RM25.75, D&O climbing 20 sen to RM2.23 and Sunway Construction rising 17 sen to RM5.07.
