KUALA LUMPUR (Sept 9): The FBM KLCI opened 0.67% higher today in line with the uptick at the regional markets following the overnigh rally at most global markets.

At 9am, the FBM KLCI jumped 10.78 points to 1,597.90.

The top gainers included Kuala Lumpur Kepong Bhd, Petronas Dagangan Bhd, Hong Leong Financial Group Bhd, Tenaga Nasional Bhd, Oriental Food Industries Bhd, Telekom Malaysia Bhd, MISC Bhd, Hartalega Holdings Bhd, Maxis Bhd, AMMB Holdings Bhd, RHB Capital Bhd and Public Bank Bhd.

Asian markets caught a tailwind on Wednesday after upbeat German economic data powered gains in the U.S. and Europe, while the safe-haven yen slipped as investors' mood turned positive, according to Reuters.

MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.5 percent in early trade, after major Wall Street indexes all logged gains of more than 2 percent, it said.

JF Apex Securities Research in a market preview today said US markets jumped over 2% to stage a rebound from last week's poor performance.

Similarly, it said European stocks rose sharply following Germany's strong trade data.

“On the local market, the FBM KLCI closed 4.27 points higher at 1587.12 points after coming off an intra-day high of 1594.91 points.

“Following the bullish performance in the US and Europe, we expect the FBM KLCI to test its resistance level of 1600 points,” it said.