KUALA LUMPUR (July 15): The FBM KLCI rose 0.62% at mid-morning today, in tandem with the advance at most regional markets, lifted by select blue chips.

At 10.01am, the FBM KLCI rose 10.29 points to 1,665.07.

The gainers included British American Tobacco (M) Bhd, Nestle (M) Bhd, Fraser & Neave Holdings Bhd, Petronas Gas Bhd, DKSH Holdings (M) Bhd, Lafarge Malaysia Bhd, Kuala Lumpur Kepong Bhd, Genting Plantations Bhd, Ajinomoto (Malaysia) Bhd, Malaysia Airports Holdings Bhd and Ajiya Bhd.

The actives included Borneo Oil Bhd, XOX Bhd, EA Holdings Bhd. Hiap Teck Venture Bhd, IFCA MSC Bhd, AirAsia X Bhd and LKL International Bhd.

The decliners included United Plantations Bhd, Gopeng Bhd, Microlink Solutions Bhd, Hartalega Holdings Bhd, UEM Edgenta Bhd, Bursa Malaysia Bhd and Petron Malaysia Refining & Marketing Bhd.

Asian shares rose to eight-month highs on Friday, on track for solid weekly gains, as record highs on Wall Street offset the impact on sentiment of an attack in France that lifted the safe-haven yen, according to Reuters.

An attacker killed at least 73 people and injured scores when he drove a truck at high speed into a crowd watching Bastille Day fireworks in the French Riviera city of Nice late on Thursday, it said.

Hong Leong IB Research said that riding high on easing fears of brutal 'Brexit' fallout and hopes of more stimulus from central banks and governments, possibility of further easing by BNM by end Dec and expectations of more mega project roll-outs by Government in the near term, the FBM KLCI’s near term outlook was still tilted to an upside bias towards immediate resistances at 1666-1671.

“However, we still expect global markets to remain choppy as profit taking may emerge after recent sharp relief rallies.

“Key risks are geopolitical tensions (eg terrorist attack, tensions in South China Sea claims), sharper-than-expected growth in global and Malaysia economies, aggressive Fed rate hike cycle and persistent slump in commodities prices,” it said.