FBM KLCI: 1,633.39 pts (+12.18 pts, +0.75%).

Taking cues from the positive U.S. stockmarkets, the FBM KLCI managed to regain traction after several rounds of selling over the past weeks. The FBM KLCI has surged above the immediate resistance of the 1,630 level led by selected oil & gas and banking heavyweights like Petronas Chemical (+19.0 sen) and Maybank (+8.0 sen).  Also, most of the lower liners and ACE market stocks were focused as bargain hunting activities re-emerged; HHGROUP (+3.0 sen) and IKHMAS (+1.5 sen).

Top 3 Active stocks:
AAX (5238): RM0.41 (+1.5 sen)
VIVOCOM (0069): RM0.33 (-0.5 sen)
COMPUGT (5037): RM0.045 (-0.5 sen)

Volume: 1.70 bln (3-month avg vol: 1.73 bln) 
Value: RM1.72 bln 
Market Breadth: ⬆:479, ⬇:341
Crude palm oil: RM2,601 (+RM14)
Dow Futures: 17,662 pts (-2 pts) 

Source: Bloomberg, M+ Online

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