KUALA LUMPUR (Sept 23): The FBM KLCI rose 0.11 point after falling earlier on profit taking. Investors took profit following the index's substantial rise yesterday after the US maintained interest rates.  

At Bursa Malaysia today, the KLCI was traded at 1,669.77 points at 9:29am after falling 6.19 points to 1,663.47 points at 9am.

At 9:29am, Bursa Malaysia saw some 276 million shares worth RM163 million changed hands. There were 192 gainers and 141 decliners.

Yesterday, the KLCI rose 10.93 points to 1,669.66 points.

Today, analysts said they were mindful of the US interest rate direction's impact on the stock market. M&A Securities Sdn Bhd research head Rosnani Rasul said the firm noted the US Federal Reserve's move to lower its benchmark interest rate median target to 0.6% in 2016, 1.1% in 2017 and 1.9% in 2018.

Rosnani said this meant there could be an estimated 25-basis point adjustment in 2016, either in November or December. 

"We believe the latter date is much realistic given the impending US presidential election in November, exactly a year since the last adjustment," she wrote in a note today.