KUALA LUMPUR (April 18): The FBM KLCI looked poised to test the next resistance level of 1,900 points when it rose this morning, tracking gains at regional markets.

At 9.05am, the FBM KLCI rose 3.11 points to 1,883.60.

The early gainers included Nestle(M) Bhd, Kuala Lumpur Kepong Bhd, PPB Group Bhd, Petron Malaysia Refining & Marketing Bhd, Hengyuan Refining Company Bhd, Genting Plantations Bhd, ViTrox Corp Bhd, Globetronics Technology Bhd, Lotte Chemical Titan Holding Bhd and Unisem (M) Bhd.

Asian shares crept ahead on Wednesday after Wall Street took heart from upbeat corporate earnings, though nagging concerns about trade barriers and the global growth outlook kept currencies and bonds subdued, according to Reuters.

Dealers were anxious to see if a surprise policy move by the China's central bank late on Tuesday might help soothe Shanghai markets after a couple of days of sharp losses, it said.

JF Apex Securities in a market preview said US markets rose over 1% overnight following strong quarterly results with Netflix shares being the top performer after better-than-expected subscriber growth.

It said that similarly, European stocks advanced after better corporate earnings and fading concerns on Syria.

“On the local bourse, the FBM KLCI added 1.73 points to 1880.49 points.

“Following the bullish performance in the US and Europe, the FBM KLCI could breach the resistance of 1880 points and climb towards the next resistance at 1900 points,” it said.