KUALA LUMPUR (April 27): The FBM KLCI pared some of its gains at mid-morning today in line with the tepid sentiment at most regional markets.

At 10.03am, the FBM KLCI was up 0.08 points to 1,769.00. The index had earlier risen to a high of 1,770.90.

The top gainers included Nestle (M) Bhd, Dutch Lady Milk Industries Bhd, Fraser & Neave Holdings Bhd, Mega First Corp Bhd, Ancom Holdings Bhd, Yinson Holdings Bhd, Hong Leong Industries Bhd, Tasek Corp Bhd and Petronas Gas Bhd.

The actives included Luster Industries Bhd, AirAsia X Bhd, Iris Corp Bhd, Dagang NeXchange Bhd, Key Alliance Group Bhd, PUC Founder MSC Bhd, Kronologi Asia Bhd and Ancom.

The decliners included British American Tobacco (M) Bhd, Malaysian Pacific Industries Bhd, Petronas Dagangan Bhd, HCK Capital Group Bhd, Perak Corp Bhd, Genting Malaysia Bhd, Genting Bhd and Bursa Malaysia Bhd.

Asian shares ticked down from near two-year high on Thursday after a long-awaited U.S. tax plan failed to inspire investors, though sentiment remains supported by global growth prospects and receding worries about political risks in Europe, according to Reuters.

MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.1 percent after hitting its highest level since June 2015 on Wednesday. Japan's Nikkei dipped 0.3 percent, it said.

Hong Leong IB Research said while traders put a pause on the recent short term rally following the tax plan announcement, it  thinks the market may re-focus with the on-going earnings season.

“The Dow's resistance will be seen near 21,000-21,178.

“Meanwhile, after the FBM KLCI surged consecutively for 4 trading days, index heavyweights may take a breather near the 1,770 level.

“On the broader market, investors are likely to extend their focus on technology and construction sector after forming an uptrend move on both the sub-indices,” it said.