KUALA LUMPUR: Blue chips staged a mild rebound as investors’ risk appetite perked up a bit following the firm Wall Street closing while ACE Market debutant Ramssol was in focus.

       At 9.16am, the FBM KLCI was up 6.21 points or 0.41% to 1, 519.10. Turnover was 499.46 million shares valued at RM211.42mil. There were 213 gainers, 176 losers and 281 counters unchanged.

       Bloomberg reported oil edged higher after falling for the first time in three days as the market assessed the demand impact of the latest Covid-19 resurgence.

       Futures in New York rose 0.4% in early trading after dropping 0.6% on Monday to settle near US$74 a barrel.

       Rakuten Trade expects the KLCI, which has been stuck in a consolidation mode since end-June, is expected to trend within a tight range in the absence of positive catalysts going forward.

       “We believe the index to hover within the 1, 510-1, 520 range today, ” it said.

       At Bursa, Ramssol was up 16.5 sen to 61.5 sen after surging to a high of 73 sen earlier.

       Underpinning the KLCI’s early advance were PPB Group, Press Metal, MAHB and Petronas Chemicals.

       PPB Group rose 20 sen to RM18.38, Hartalega 14 sen to RM7, PMetal 11 sen to RM4.94, MAHB and PChem seven sen each to RM5.69 and RM8.11.

       Pasukhas Group jumped 12 sen to 41 sen as the company and Vsolar Group Bhd have inked a collaborative agreement to provide engineering, procurement, construction, and commissioning (EPCC) services to the solar farm industry.

       Muda gained seven sen to RM2.63 while Asdion, which had been hammered down, rose 6.5 sen to 33 sen.

       Genetec fell 20 sen to RM16.50, TOcean fell 15 sen to RM4.23, UMS 17 sen to RM2.85, TGL 12 sen to RM2.72, BP Plastic 10 sen to RM1.86 and SKB Shutters nine sen to RM1.90.

       Aeon Credit lost 10 sen to RM12.10 and Duopharma seven sen to RM2.83.