KUALA LUMPUR (Nov 4): The FBM KLCI opened higher in line with most regional markets today, lifted by gains at Petronas-linked stocks as well as select blue chips.

At 9am, the FBM KLCI opened 4.10 points higher at 1,681.66.

The top gainers included Petronas Dagangan Bhd, Petronas Gas Bhd, Hong Leong Bank Bhd, KLCC Property Holdings Bhd, Kuala Lumpur Kepong Bhd, Sime Darby Bhd, Ta Ann Holdings Bhd, GD Express Carrier Bhd and PPB Group Bhd.

Asian shares rose on Wednesday, taking early cues from overnight Wall Street gains, while investors' sharper risk appetite lifted U.S. debt yields and supported the dollar, according to Reuters.

MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.4 percent. Australian shares surged 1.3 percent, it said.

JF Apex Securities Research in a market preview today said US markets gained overnight with the Nasdaq hitting a record high following gains in tech and energy counters.

Similarly, it said European inched higher as higher oil price cushioned the impact of lower earnings from banks.

“Back home, the FBM KLCI surged 13.49 points to 1677.56 points following a rebound.

“Following the positive performance in Wall Street, we expect the KLCI to climb with resistance at 1727 points,” it said.