KUALA LUMPUR (Nov 3): The FBM KLCI tracked Asian share gains after US stocks rose in overnight trades.

At 9.16am, the KLCI rose 3.75 points or 0.2% to 1,667.82 on gains in stocks like Kuala Lumpur Kepong Bhd and Hong Leong Financial Group Bhd.

Despite the KLCI's rise, analysts said KLCI-linked shares were seeing less-optimistic technical indicators.

"While blue chips stay under pressure on bearish momentum, ACE Market and small-cap stocks may continue to attract retail participation on rotational plays," TA Securities Holdings Bhd wrote in a note today.

Bursa Malaysia saw some 256 million shares worth RM102 million changed hands. There were 262 gainers versus 105 decliners.

The top gainer was British American Tobacco (M) Bhd while the leading decliner was Petronas Gas Bhd. The most-active stock was Frontken Corp Bhd.

Across Asia, South Korea's Kospi rose 0.73% while Australia's S&P/ASX 200 added 1.27%. Japan markets are closed for holiday today.

Bloomberg reported that Asian stocks rose, with a regional gauge heading for its first gain in six days following a rally in US shares. The MSCI Asia Pacific excluding Japan Index gained 0.6% to 423.31 as of 9.02 am in Hong Kong.

In US overnight trades, the Dow Jones Industrial Average climbed 0.94% while S&P 500 added 1.19%. Nasdaq Composite was 1.45% higher.

(Note: The Edge Research’s fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)