KUALA LUMPUR (Jan 5): The FBM KLCI jumped 1.02% at the midday break today, boosted by bargain hunting activities, after the index had slumped 2.31% a day earlier.

At 12.30pm, the FBM KLCI shrugged off earlier jitters and rose 17.14 points to 1,670.51.

The top gainers included Petronas Dagangan Bhd, Petronas Gas Bhd, Huat Lai Resources Bhd, Malaysian Pacific Industries Bhd, Petronas Chemicals Group Bhd, Top Glove Corporation Bhd and PPB Group Bhd.

The actively-traded stocks included XOX Bhd, Kim Teck Cheong Consolidated Bhd, Instacom Group Bhd, Tiger Synergy Bhd and APFT Bhd.

The top losers included United Plantations Bhd, P.I.E. Industrial Bhd, Pharmaniaga Holdings Bhd, Perak Corporation Bhd, Carlsberg Brewery (M) Holdings Bhd, MISC Bhd and Tenaga Nasional Bhd.

Asian share markets struggled to stabilise on Tuesday, as Chinese stocks bounced from a shaky start, offering hope that Monday's plunge was a flash in the pan, acording to Reuters.

The People's Bank of China injected a generous slug of liquidity into domestic markets, to keep borrowing costs down, it said.

AffinHwang Capital Research said focus was expected to be more on smallcap, technology and industrial stocks.

“Euro area and China hints more stimulus, despite recent U.S rate hike.

“Technically, stocks in Bursa Malaysia are generally bullish and ready to test higher resistances in January,” it said.

(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)