KUALA LUMPUR (Nov 17): The FBM KLCI rebounded in the morning session today, in line with the resurgent regional markets.

At 12.30pm, the FBM KLCI gained 10.31 points to 1,666.31, off its intra-morning high of 1,677.37.

Gainers led losers by 491 to 274, while 332 counters traded unchanged. Volume was 1.22 billion shares, valued at RM870.52 million.

The top gainers included Daibochi Plastic and Packaging Industry Bhd, BLD Plantation Bhd, UMW Holdings Bhd, PPB Group Bhd, P.I.E Industrial Bhd, Hong Leong Financial Group Bhd, Petronas Dagangan Bhd, Boustead Heavy Industries Corporation Bhd and Kuala Lumpur Kepong Bhd.

The actives included Hibisbus Petroleum Bhd, Instacom Group Bhd, Borneo Oil Bhd, Idimension Consolidated Bhd, The Media Shoppe Bhd, JAG Bhd, APFT Bhd and Nexgram Holdings Bhd.

The decliners included Dutch Lady Milk Industries Bhd, Panasonic Malaysia Manufacturing Bhd, Malaysian Pacific Industries Bhd, British American Tobacco (M) Bhd and Malaysia Smelting Corporation Bhd.

Southeast Asian stock markets rebounded on Tuesday, tracking stronger Asian shares and U.S. stocks overnight, as short-term bargain hunting flagged across exchanges, while positive economic data in the region underpinned sentiment, according to Reuters.

Singapore Straits Times Index reversed the seventh straight loss on Monday, trading up 0.5%. Battered large caps recovered, led by shares of Singapore telecommunications Ltd and United Overseas Bank Ltd, it said.

Hong Leong IB Research said the FBM KLCI is likely to stage a mild rebound today, tracking overnight recovery in US and European markets, amid expectations that the terrorist attacks in Paris would not have a lasting impact on global economy and equity markets.

“Key resistance levels are 1669-1685, while supports fall on 1615-1642,” 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.)