KUALA LUMPUR (Dec 22): The FBM KLCI staged a mild rebound today in line with regional markets but gains were seen limited at the local bourse.

At 9.01am, the FBM KLCI rose 4.14 points to 1,633.23.

The top gainers included British American Tobacco (M) Bhd, Petronas Dagangan Bhd, Top Glove Corporation Bhd, Ajinomoto (Malaysia) Bdh, Public Bank Bhd, MISC Bhd, Sime Darby Bhd, Malaysia Airports Holdings Bhd, UMW Holdings Bhd and Genting Bhd.

Asian shares took solace from gains on Wall Street and edged higher on Tuesday, though gains were capped by caution over low share trade volume and plunging Brent crude oil prices ahead of this week's holidays, according to Reuters.

MSCI's broadest index of Asia-Pacific shares outside Japan inched 0.1 percent higher in early trade, after Wall Street logged solid gains overnight following a losing week, it said.

JF Apex Securities Research in a market preview today said that U.S. stocks closed higher Monday with DJIA rebounded 123.07 points, as investors eyed oil prices in the shortened holiday week.

Meanwhile, it said European markets came under selling pressure to close lower, as Spanish stocks took a tumble and the rout in oil prices continued to trouble investors.

“Back to local market, the FBM KLCI slid 14.81 points or 0.90% yesterday to close at 1629.09 points.

“Following the mixed performance in overseas markets, the local benchmark index is expected to hover above our immediate support level of 1620 points with no sign of meaningful recovery,”  it said.