KUALA LUMPUR (June 23): The FBM KLCI edged up in early trade today in line with the higher opening at most regional markets.

At 9am, the FBM KLCI was up 1.80 points to 1,734.56.

The top gainers included Time Dotcom Bhd, Pos Malaysia Bhd, UMW Holdings Bhd, Bursa Malaysia Bhd, Petronas Chemicals Bhd, Berjaya Auto Bhd, Yinson Holdings Bhd and IJM Corporation Bhd.

US stock futures rose in early Asian trading on Tuesday, bolstered by hopes that Greece's latest budget proposals would stave off a debt default and lead to a deal with lenders later this week, according to Reuters.

European Council President Donald Tusk called the Greek proposals "a positive step forward," and said the aim was to have Eurogroup finance ministers approve a cash-for-reform package on Wednesday evening, and put it to euro zone leaders for final endorsement on Thursday morning, it said.

JF Apex Securities Research in a market preview today said that US markets gained with the Nasdaq hitting record high due to optimism of Greece's debt talks.

Similarly, it said European stocks rallied on hopes of a resolution to Greece's debt talk.

“On the local market, the FBM KLCI jumped 10.99 points to 1,732.76 points extend its rebound.

“Following the bullish performance on Greece, the FBM KLCI could climb higher with resistance at 1,747 points,” it said.