KUALA LUMPUR (Nov 27): The FBM KLCI edged up marginally in early trade this morning in line with the regional markets, lifted by select index-linked blue chips.

At 9.10am, the FBM KLCI added 0.48 points to 1,584.35.

The early gainers included Nestle (M) Bhd, Carlsberg Brewery (M) Bhd, Hong Leong Bank Bhd, Petronas Gas Bhd, Genting Plantations Bhd, Syarikat Takaful Malaysia Keluarga Bhd, Kuala Lumpur Kepong Bhd, Fraser & Neave Holdings Bhd, British American Tobacco (M) Bhd and Public Bank Bhd.

Asian stocks eked out modest gains at the open Wednesday as investors monitored developments on U.S.-China trade talks. Treasuries were little changed, according to Bloomberg.

Benchmarks in Japan, Australia and South Korea headed higher. The S&P 500, Dow Jones Industrial Average and Nasdaq Composite all climbed to fresh records Tuesday. President Donald Trump declared that talks with China on the first phase of a trade deal were near completion after negotiators from both sides spoke by phone. The dollar was little changed, it said.

JF Apex Securities Research said US markets rose overnight to record highs after better-than-expected quarterly results posted by several consumer counters.

It said that earlier, European stocks advanced following optimism and progress in the US-China trade talks.

“On the local market, the FBM KLCI lost 7.48 points to 1583.87 points after a late sell down.

“Following the bullish performances in the US and Europe, the FBM KLCI could climb towards its resistance level of 1615 points,” it said.