KUALA LUMPUR: Share prices on Bursa Malaysia rebounded this morning from its recent losses, as fund managers took the cue from overnight gains on Wall Street and regional bourses, dealers said.

At 9.10 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) stood at 1,687.92, up 1.75 points after opening 0.66 point easier at 1,685.51.

HwangDBS Vickers Research in its note today said a technical rebound could be on the cards for our Malaysian bourse.

"After tumbling 101.8 points or 5.7 per cent over the past 1.5 weeks, the key FBM KLCI will probably bounce up from an oversold position.

"And continuing from where it left off yesterday, the benchmark index may recover further from a trough of 1,660.39 to climb towards the psychological support-turned-resistance level of 1,700 ahead," the research house said.

Over on Wall Street, major US equity indices rose last night, closing higher by between 0.3 per cent and 0.4 per cent as investors were keeping their eyes on the latest geopolitical developments in Syria.

The corporate front may possibly get a slight lift from relief buying today in beaten-down index stocks such as Maybank, CIMB, Ambank, Genting and AirAsia.

On Bursa Malaysia, the Finance Index added 26.91 points to 15,813.7, the Plantation Index rose 21.5 points to 8,070.58 and the Industrial Index was firmer by 2.32 points at 2,831.33

The FBM Emas Index appreciated 17.6 points to 11,681.71, the FBM100 Index edged up 15.14 points to 11,448.1 and the FBM 70 Index increased 30.93 points to 13,165.41.

Gainers thumped losers 202 to 71, while 127 counters were unchanged, 1,181 untraded and 27 others suspended.

Turnover stood at 165.445 million shares worth RM65.978 million.

Among actives, Compugates Holdings was flat at 6.5 sen, Sona Petroleum-Warr added half a sen to 24 sen and Iris Corporation went up 1.5 sen to 21 sen.
Of the heavyweights, Maybank added one sen to RM9.71, Axiata was unchanged at RM6.60 and Sime Darby slipped one sen to RM9.31. -- BERNAMA