KUALA LUMPUR (Nov 3): The main index at Bursa Malaysia ticked up ahead of the Bank Negara Malaysia’s (BNM) Monetary Policy Statement later in the afternoon as well as the US presidential election, tracking regional markets.  

At 9.05am, the FBM KLCI rose 3.35 points to 1,469.81.   

The early gainers included Malaysian Pacific Industries Bhd, Unisem (M) Bhd, Carlsberg Brewery Malaysia Bhd, Supermax Corp Bhd, Hong Leong Industries Bhd, Tomei Consolidated Bhd, UWC Bhd, Scientex Bhd and Mega First Corp Bhd.

Bloomberg said US futures and Asian stocks gained ahead of Tuesday’s presidential election.

Crude oil rebounded, it said.

Rakuten Trade in its daily market report said US stocks rebounded ahead of the presidential election today.

It said the Dow Jones Industrial Average jumped by more than 400 points to edge closer towards the 27,000 mark.

“In view of this, we believe regional markets to maintain with their uptrend.

“Locally, we expect the FBM KLCI to stage a rebound today after some weaknesses over the last few days.

“Therefore, we foresee buyers to emerge with the benchmark index to possibly test the 1,490 level today,” it said.