KLCI ticks up in line with regional markets

KLCI ticks up in line with regional markets
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KUALA LUMPUR (June 14): The FBM KLCI ticked up in early trade this morning, in line with the regional markets that trended higher, lifted by select blue chips including Genting-related stocks.

At 9.05am, the FBM KLCI added 3.75 points to 1,788.19.

The top gainers included Malaysian Pacific Industries Bhd, Genting Plantations Bhd, Malaysia Airports Holdings Bhd, New Hoon Fatt Holdings Bhd, Genting Bhd, PPB Group Bhd, ViTrox Corp Bhd, Globetronics Technology Bhd and Pentamaster Corp Bhd.

Asian shares crept higher on Wednesday after Wall Street notched another all-time high, while the dollar and bonds awaited clarity on the Federal Reserve's future path for U.S. policy after a likely rate rise later in the day, according to Reuters.

MSCI's broadest index of Asia-Pacific shares outside Japan added 0.2 percent, while Japan's Nikkei put on 0.5 percent, it said.

JF Apex Securities Research in a market preview today said US markets rebounded overnight as tech counters reversed their recent decline.

It said European markets also advanced as the two-day Federal Reserve meeting commenced.

“On the local market, the FBM KLCI lost 4.45 points to 1784.44 points.

“Following the positive performance in the US and Europe, the FBM KLCI could turn positive today but remain below the resistance of 1800 points,” it said.