KUALA LUMPUR: Bursa Malaysia caught on to Wall Street's rebound overnight to retrace some of the losses seen in October.
US indices jumped more than 1% on Tuesday night as investors returned to the market to pick up on cheap valuations following the selldown earlier in the week.
At 12.30pm, the FBM KLCI was up 9.12 points to 1,695.06. Turnover was 1.19 billion shares valued at RM822.47mil. Market breadth was overwhelmingly positive with 511 advancing counters to 193 decliners and 301 unchanged.
Tenaga Nasional led the advance with a 22 sen increase to RM14.52. This was followed by Maxis adding six sen to RM5.21 and Petronas Gas rising 22 sen to RM18.18.
On the decline, Digi dipped three sen to RM4.16, KL Kepong fell two sen to RM24.92 and MAHB slid five sen to RM8.24.
Among top active counters, Seacera put on 2.5 sen to 23.5 sen, Nova MSC added one sen to 13 sen and Datasonic gained two sen to 37 sen.
BAT was on the backfoot, losing 22 sen to RM31.08. Heineken lost eight sen to RM17.92 and New Hoong Fatt trimmed 10 sen to RM2.65
Oil prices climbed for the first time in three days on Wednesday, but rising supply and fears over the outlook for demand amid the U.S.-China trade war kept pressure on the market, Reuters reported.
WTI crude gained 17 cents to US66.35 a barrel while Brent crude rose 47 cents to US$76.30 a barrel.
In currencies, the ringgit was marginally weaker against the US dollar at 4.1830. It gained 0.5% against the pound serling at 5.3153 and 0.1% against the Singapore dollar at 3.0181.
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