KUALA LUMPUR (June 11): The FBM KLCI extended its rebound and rose 0.52% in early trade today as global markets picked up momentum after the selloff at Wall Street came to a halt.

At 9am, the FBM KLCI rose 9.14 points to 1,744.77.

The top gainers included United Plantations Bhd, Petronas Gas Bhd, PPB Group Bhd, Public Bank Bhd, Kuala Lumpur Bhd, Syarikat Takaful Malaysia Bhd, Malaysia Airports Holdings Bhd, UMW Holdings Bhd, Top Glove Corporation Bhd and Genting Bhd.

Asian stocks gained early on Thursday after seeing Wall Street shares halt their selloff, while the New Zealand dollar tumbled to a five-year low after the Reserve Bank there cut its overnight cash rate.

MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.1 percent. Tokyo's Nikkei added 1 percent while Australian shares gained 0.9 percent and South Korea's Kospi advanced 0.5 percent.

JF Apex Securities Research in a market preview today said that US markets jumped on a report that Germany is offering financial aid to Greece and improvement in mortgage application.

Similarly, it said European stocks rallied on hopes of a resolution to Greece's debt problem.

“On the local market, the FBM KLCI gained 6.58 points to 1735.63 points after a rebound from its support level of 1730 points.

“Following the positive sentiment led by Greece, we expect the FBM KLCI to be positive today with resistance seen at 1765 points,” it said.