KUALA LUMPUR (Oct 13): The FBM KLCI edged up in early trade today but gains at the local bourse were seen limited ahead of the public holiday tomorrow.

At 9am, the FBM KLCI edged up 0.64 points to 1,710.50.

The top gainers included Petronas Gas Bhd, Teck Guan Perdana Bhd, Only World Group Holdings Bhd, Gamuda Bhd, Genting Bhd, IJM Corporation Bhd, RHB Capital Bhd and Unisem (M) Bhd.

Asian shares stepped back from two-month highs on profit-taking on Tuesday and oil prices regrouped after Monday's big fall, while the dollar was on the defensive as expectations of an imminent U.S. rate hike receded, according to Reuters.

MSCI's broadest index of Asia-Pacific shares outside Japan slipped 0.2 percent in early trade from their two-month high touched on Monday, though it was still up 8.6 percent so far this month. Japan's Nikkei fell 0.6 percent, it said.

JF Apex Securities Research in a market preview today said US markets ended slightly higher overnight as investors await the quarterly earnings season to begin tomorrow.

Meanwhile, it said European stocks closed mixed as oil price declined.

“On the local bourse, the FBM KLCI added 3.32 points to 1709.86 points after recovering from intraday losses.

“Following the slower ascend in US markets, we expect the index to consolidate below the resistance of 1740 points,” it said.