Friday 26 Apr 2024
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KUALA LUMPUR (Oct 25): The FBM KLCI edged up in early trade today in line with the gains at most regional markets, lifted by select blue chips.

At 9.05am, the FBM KLCI added 0.68 points to 1,678.44.

The top gainers included Khind Bhd, Ann Joo Resources Bhd, Gadang Holdings Bhd, Teck Guan Perdana Bhd, Sime Darby Bhd, Alliance Financial Group Bhd, AMMB Holdings Bhd, Cahya Mata Sarawak Bhd and Telekom Malaysia Bhd.

Asian shares edged higher on Tuesday while the dollar stood firm as upbeat U.S. earnings boosted Wall Street and factory surveys in the United States and Europe boasted their best readings so far this year, according to Reuters.

MSCI's broadest index of Asia-Pacific shares outside Japan inched up 0.1 percent with most components yet to trade, it said.

JF Apex Securities Research in a market preview today said US markets climbed overnight after corporate earnings but gains were capped by higher US dollar and lower oil prices.

It said that earlier, European stocks were largely flat following improved purchasing managers' index, lower oil price and development in Spain's political situation.

“On the local market, the FBM KLCI rose 7.78 points to 1677.76 points.

“After testing the resistance of 1675 points yesterday, the FBM KLCI could exit the sideways trend and spark an uptrend with resistance at 1700 points,” it said.

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