KUALA LUMPUR (July 6): The FBM KLCI started the week on a positive note and rose in line with regional markets, as index-linked glove makers lifted.

At 9.05am, the FBM KLCI rose 3.40 points to 1,556.05.

The top gainers included Top Glove Corp Bhd, JF Technoloy Bhd, Dufu Technology Bhd, Hartalega Holdings Bhd, Pentamaster Corp Bhd, Supermax Corp Bhd, Heineken Malaysia Bhd and Petronas Gas Bhd.

Rueters said Asian shares held near four-month highs on Monday as investors counted on super-cheap liquidity and fiscal stimulus to sustain the global economic recovery even as surging coronavirus cases delayed reopenings across the United States.

MSCI's broadest index of Asia-Pacific shares outside Japan inched up 0.05%, having hit its highest since February, it said.

Rakuten Trade Sdn Bhd in its daily market report said Wall Street was closed for Independence Day celebration but European markets were broadly lower on Friday.

It said following a solid performance last week, we expect regional markets to be mixed today amid the rising coronavirus cases in the US.

“Last week the FBM KLCI has been relentless breaking numerous resistance levels fuelled by domestic buying support.

“Having gained around 60 points week-on-week, we reckon profit taking activities may emerge with the 1,530 level as the immediate support level,” it said.