KUALA LUMPUR (April 26): The FBM KLCI rebounded 0.37% in early trade this morning in line with its regional peers, lifted by gains at select blue chips.

At 9.05am, the FBM KLCI rose 6.96 points to 1,858.89.

The early gainers included Nestle (M) Bhd, United Plantations Bhd, Yinson Holdings Bhd, Kuala Lumpur Kepong Bhd, Top Glove Corp Bhd, Public Bank Bhd, Hengyuan Refining Company Bhd, Syarikat Takaful Malaysia Bhd, Malayan Banking Bhd and Carlsberg Brewery Malaysia Bhd.

Asian stocks edged up on Thursday as robust corporate earnings helped Wall Street quell concerns over a surge in U.S. bond yields, while the dollar hovered near three-month highs against a basket of currencies, according to Reuters.

MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.09 percent, it said.

JF Apex Securities Research in a market preview said US markets staged a rebound and ended a 5-day losing streak amid strong quarterly earnings and concern on rising Treasury yield.

It said that earlier, European stocks ended lower as fears of rising bond market yield overshadowed corporate results.

“On the local market, the FBM KLCI plunged 13.41 points to 1851.93 points to extend its selldown from a record high last week.

“Following the mixed performance in the US and Europe, the FBM KLCI could consolidate and hover sideways above the support of 1830 points,” it said.