KUALA LUMPUR (May 22): The FBM KLCI opened on a positive note this morning in line with the regional markets, lifted by select blue chips including Petronas-linked stocks.

At 9.05am, the FBM KLCI rose 3.42 points to 1,771.70.

The early gainers included Hengyuan Refining Company Bhd, Choo Bee Metal Industries Bhd, Petronas Dagangan Bhd, Petronas Gas Bhd, Hong Leong Bhd Bhd, ViTrox Corporation Bhd, Kuala Lumpur Kepong Bhd, Superlon Holdings Bhd and Malaysian Pacific Industries Bhd.

Asian stocks are set to edge higher on Monday following cautious gains on Wall Street, though the dollar is set to come under pressure as Washington's political turmoil undermines confidence in U.S. economic policy, according to Reuters.

MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.42 percent on Monday helped by some gains in Korean and Japanese stocks, it said.

JF Apex Securities Research in a market preview today said US markets extended their rebounds on fading concerns about Donald Trump's presidency.

It said that earlier, European stocks following easing concerns on US' political turmoil.

“On the local market, the FBM KLCI added 1.11 points to 1768.28 points.

“Following the improved performance in the US and Europe, the FBM KLCI could be positive today with resistance at 1785 points,” it said.