,KUALA LUMPUR: The FBM KLCI rose in early morning trade to extend the previous session's rebound as growing sentiment in the global recovery continues to lift equities.At 9.05 am, the index was up 3.33 points to 1,624.25."With the arrival of another batch of Pfizer-BioNTech and Sinovac vaccines, we believe the key index should be trending higher amid expectation of brighter economic outlook as well as firmer crude palm oil and Brent oil prices."Also tracking the rebound in the Nasdaq, we expect some minor rebound in technology counters today," said Malacca Securities Research in a note.On its technical outlook, the research house said there is mixed sentiment as the MACD histogram has extended another red bad while the RSI is hovering above 50."We reckon that the key index is likely to stay on an upbeat note, with resistance pegged arounf 1,650-1,660, while the support is set at 1,600 followed by 1,580," it added.Some early movers included Maybank up two sen to RM8.50, Tenaga Nasional rising 12 sen to RM10.78 and Top Glove gaining three sen to RM5.21.There was also positive price action in FGV jumping 24 sen to RM1.54, MAHB rising 12 sen to RM6.67 and Pharmaniaga climbing 18 sen to RM3.59.Most active counters were Widad up 7.5 sne to 75.5 sen, Teladan gaining 11.5 sen ot 59.5 sen and Komark rising two sen to 36.5 sen.
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