KUALA LUMPUR: The FBM KLCI broke through the crucial 1,350 level in early trade on Monday, July 26 in line with key Asian markets following the higher closing last Friday at Wall Street.

Asian shares rose and the euro extended gains on Monday solid US corporate earnings and strong eurozone data offset growing scepticism that stress tests on European banks were not strict enough, according to Reuters.

Only seven of 91 banks — five small Spanish banks, Germany's state-rescued Hypo Real Estate and Greece's ATEbank — failed the tests, for an overall capital shortfall of €3.5 billion (RM14.44 billion), it said.

At Bursa Malaysia, the FBM KLCI added 6.72 points to 1,352.40 at 9.10am, lifted by gains including at DiGi, PPB and Sime Darby.

Nestle was the top gainer in early trade, adding RM1.04 to RM38.02. KFCH rose 40 sen to RM11.50, DiGi was up 14 sen to RM24.46 and BHIC was up 11 sen to RM4.20.

United PLANTATION []s, PPB and LPI Capital rose 10 sen each to RM14.50, RM17.60 and RM17.96 respectively. Sime Darby was up nine sen to RM7.88, while Petronas Dagangan added eight sen to RM9.80.

Early decliners included Asia File, F&N, Tanjong, NSTP, Sinotop and Kinsteel.