Malaysia's stock market rebounded during trading on Tuesday after a two-day sharp fall with market capitalization losing RM153 billion.
The FBM KLCI opened with a gain of 5.66 points (0.4%) at 1,542.14 in the midday session and it continued its strengthening of 31.43 points (2.05%) at 1,567.91 after hitting an intraday high of 1,568.70.
Broad market sentiment was positive with 974 gainers versus 301 losers. Meanwhile, 353 counters remain unchanged.
Daily trading volume of 3.93 billion units with a trading value of RM2.9 billion.
However, investors will look for opportunities in the strong stock market after its recent decline. However, the market is asked to remain cautious during the current price volatility.
Meanwhile, the FBM ACE Index rose 2.77% or 137.43 points to 5,092.51 and the FBM Small Cap Index rose 2.25% or 386.88 points to 17,615.35.
All sectors on Bursa were in the green with the property index rising 5.1% followed by construction 4.3%, energy 3.2% and technology 3.1%.
Among the top actively traded counters are Cape EMS Bhd (KL CEB) which fell 12.4% or seven sen to 49.5 sen, MyEG Services Bhd (KL MYEG) which rose five sen or 6.1% to 87.5 sen, Pegasus Heights Bhd (KL PHB ) unchanged at one sen and Jiankun International Bhd (KL JIANKUN) which fell 1.5 sen or 13.6% to 9.5 sen.
