KUALA LUMPUR: The rebound on the FBM KLCI erased nearly half the losses registered in the previous session as regional markets embarked on a relief rally on Tuesday.
The benchmark entered the lunch break up 31.43 points to 2.05% higher at 1,567.91 with 28 out of the 30 component blue chips putting on weight.
Across the broader market, there were 974 gainers compared to 307 decliners, in stark contrast to Monday's performance where nearly one in 10 securities dove into the red.
The market flashed green across all the sectors, led by jumps in financial services, utilities and property.
The share turnover remained elevated at 3.93 billion shares valued at RM2.9bil.
Of leading blue chips, Tenaga rose 48 sen to RM13.64, PETRONAS Chemicals gained 26 sen to RM5.58 and Kuala Lumpur Kepong climbed 46 sen to RM20.95.
Maybank put on 16 sen to RM10.06, Sunway added 16 sen to RM3.78 and Genting spiked 11 sen to RM4.32.
Top actives were Cape EMS diving seven sen to 49.5 sen, MYEG up five sen to 87.5 sen and PHB flat at one sen.
After the carnage witnessed in the previous day, trading in Asian markets was more settled with investors picking up oversold counters.
Japan's Nikkei, which plunged a near-record 12.4% in the previous day, rallied 9.27% on Tuesday to 34.376.
China's composite index stayed flat at 2,861 while Hong Kong's Hang Seng gained 0.45% to 16,775.
Singapore's Straits Times, however, failed to recover, falling a further 0.69% to 3,221.
