KUALA LUMPUR (Sept 10): Shares in technology stocks across Bursa Malaysia were tepid despite Wall Street bouncing back strongly overnight on a tech rebound following a three-day losing streak.

Reuters reported that Wall Street’s main indexes rallied on Wednesday to stanch the bleeding after a three-day drop as investors jumped back in take advantage of the repricing in technology-related stocks, a day after the Nasdaq confirmed correction territory.

The Dow Jones Industrial Average closed 439.58 points higher, or 1.6%, at 27,940.47. The S&P 500 jumped 2% to 3,398.96 while the Nasdaq Composite advanced 2.7% to 11,141.56. 

It was the S&P 500's best day since June 5, when it popped 2.6%. The Nasdaq had its biggest one-day gain since April 29, when it surged 3.6%, according to CNBC Asia. 

Back in Malaysia, Malaysian Pacific Industries Bhd (MPI) was listed among the top gainers list on Bursa Malaysia this morning. At 9.50am, MPI shares pared some gains at RM17, after rising 0.71% or 12 sen at RM17. The stock had earlier risen to RM17.38, its intraday high so far today. 

Meanwhile, other technology counters namely Grand-Flo Bhd, JCY International Bhd, and MQ Technology Bhd were among the top actively traded counters on local bourse this morning. 

As at 9.50am, Grand-Flo shares price up 7.55% or two sen at 28.5sen. JCY fell 0.64% or 0.5sen at 77.5sen, while MQ Technology was traded unchanged at 16 sen. 

As at 9.40am, Bursa Malaysia Technology Index reversed its earlier gains and fell 0.77% or 0.42 points to 54.01 points. The gauge opened 1.19% or 0.65 points higher at 55.29 points and rose to as high as 55.29 points.