KUALA LUMPUR (April 16): The FBM KLCI rose 0.36% at mid-morning today, lifted by gains at select blue chips in line with the uptrend at most regional markets.

At 10am, the FBM KLCI rose 6.66 points to 1,846.79.

The top gainers included Public Bank Bhd, PPB Group Bhd, KLCC Property Holdings Bhd, SBC Corporation Bhd, Pharmaniaga Holdings Bhd, Tasek Corporation Bhd, My E.G Services Bhd, Malayan Banking Bhd and SaupraKencana Petroleum Bhd.

The actives included Xinghe Holdings Bhd, Frontken Corporation Bhd, Perisai Petroleum Teknologi Bhd, KNM Group Bhd, Systech Bhd, Sumatec Resources Bhd and Bumi Armada Bhd.

The top decliners included Carlsberg Brewery (M) Holdings Bhd, United Plantations Bhd, APM Automotive Bhd, Telekom Malaysia Bhd, Super Enterprise Holdings Bhd and Sasbadi Holdings Bhd.

Asian stocks took cues from a global surge in equities and rose on Thursday, while the dollar was on the defensive after weak U.S. economic data, according to Reuters.

MSCI's broadest index of Asia-Pacific shares outside Japan climbed 0.4 percent. South Korean and Australian stocks gained, while Japan's Nikkei stood flat, it said.

Hong Leong IB Research said that in the short term, the FBM KLCI may engage in near term sideways consolidation to neutralize overbought position.

“A decisive breakout above 10-day simple moving average near 1843 will reignite further upward momentum to retest 1850-1860 levels. Key supports are 1820-1830,” it said.