KUALA LUMPUR (May 15): The FBM KLCI rose in early trade this morning on sustained momentum, but gains were seen capped in line with the pullback at regional markets.

At 9.10am, the FBM KLCI  added 1.39 points to 1,851.81.

The gainers included Nestle (M) Bhd, Petronas Dagangan Bhd, British American Tobacco (M) Bhd, Top Glove Corp Bhd, Petron Malaysia Refining & Marketing Bhd, Hartalega Holdings Bhd, Fraser & Neave Holdings Bhd, Aeon Credit Service (M) Bhd, Maxis Bhd and Opcom Holdings Bhd.

Asia stocks pulled back on Tuesday, after an uninspiring performance on Wall Street eclipsed support from U.S.-China trade optimism, while supply concerns kept crude oil prices near 3-1/2-year highs, according to Reuters.

MSCI's broadest index of Asia-Pacific shares outside Japan dipped 0.16 percent after rising 0.6 percent the previous day to its highest since late March, it said.

JF Apex Securities Research in a market preview said US markets advanced for 8th consecutive days as concerns of a US-China trade war eased after President Trump agreed to help ZTE.

It said that earlier, European stocks ended mixed amid rebound in oil prices and development in Italian politics.

“On the local market, the FBM KLCI ended 3.91 points higher at 1850.42 points after a volatile session which saw the benchmark index swinging between 1797.14 and 1876.62 points.

“The FBM KLCI is expected to remain choppy with support and resistance at 1800 and 1880 points respectively,” it said.