KUALA LUMPUR (Jan 27): The FBM KLCI reversed its earlier loss and climbed above the 1,800-point level at mid-morning on Tuesday but gains were seen limited.

At 10.01am, the FBM KLCI was up 5.74 points to 1,802.18.

The top gainers included British American Tobacco (M) Bhd, Vitrox Corporation Bhd, KLCC Property Holdings Bhd, Carlsberg Brewery (M) Bhd, Petronas Gas Bhd, Coastal Contracts Bhd, Public Bank Bhd, Lafarge Malaysia Bhd, Felda Global Ventures Holdings Bhd and MISC Bhd.

The actives included Systech Bhd, KNM Group Bhd, Minetech Resources Bhd, Sanichi Technology Bhd, Hubline Bhd and Sumatec Resources Bhd.

The top decliners included Favelle Favco Bhd, United Plantations Bhd, IJM Corporation Bhd, IJM Land Holdings Bhd, BIMB Holdings Bhd, Guiness Anchor Bhd and Scientex Bhd.

Asian shares moved higher on Tuesday and the euro clung to rare gains, relieved that European markets had weathered Greece's election outcome without much disruption, according to Reuters.

Bad weather in the United States curbed activity on Wall Street in a busy week for earnings, while investors had reason for caution as the Federal Reserve holds its first policy meeting of the year, it said.

BIMB Securities Research said key regional indexes ended mostly lower Monday as investors worry whether Greece remaining in the eurozone after an anti-austerity party won Sunday’s general election.

Locally, it said the FBM KLCI ended lower, losing 6.64 points or 0.37% to 1,796.44, dragged down by O&G and telco counters.

“Trading participation saw net buying by foreign institutions while local institutions and retail were net sellers.

“We expect the local market to be flat today due to lack of fresh catalysts with the index hovering in the region 1,790-1,800,” it said.