KUALA LUMPUR (June 10): The FBM KLCI rose 0.38% at the midday break today, as gains in Genting Bhd, IHH Healthcare Bhd and Tenaga Nasional Bhd lifted the local bourse in line with regional markets.

At 12.30pm, the FBM KLCI racked up 6.28 points to 1,655.61.

Gainers led losers by 384 to 188, while 508 counters traded unchanged. Volume was 1.22 billion shares valued at RM704.35 million.

The top gainers included Fraser & Neave Holdings Bhd, Aeon Credit Service (M) Bhd, Malaysia Airports Holdings Bhd, Genting, IHH, Tenaga, Carlsberg Brewery Malaysia Bhd, Panasonic Manufacturing Malaysia Bhd and Toyo Ink Group Bhd.

The actives included Bumi Armada Bhd, Ekovest Bhd, AirAsia X Bhd, Lambo Group Bhd, My EG Services Bhd and Sino Hua-An International Bhd.

The losers include Nestle (M) Bhd, Atlan Holdings Bhd, Ajinomoto (M) Bhd, Petronas Dagangan Bhd, Petronas Gas Bhd, PPB Group Bhd, Hong Leong Bank Bhd, United Plantations Bhd and Yinson Holdings Bhd.

US stock futures and Asian shares rose on Monday after the United States dropped its threat to impose tariffs on Mexico in a deal to combat illegal migration from Central America, and as weak US jobs data raised hopes for US interest rate cuts, according to Reuters.

The Mexican peso jumped about 2% in early Monday trade to 19.2285 on the US dollar on news of the deal, while the Chinese yuan slipped to its lowest levels this year on weak Chinese imports data and as talks to end the Sino-US dispute remained deadlocked, it said.

Affin Hwang Capital Research said the FBM KLCI Index ended last week on a positive note, gaining 5.24 points or 0.32% on Friday. The index closed at 1,649.33.

"Last week's shortened trading week saw not much volatility as prices tested the 100-day EMA (exponential moving average). We can see prices are currently stalling and hovering just below the 100-day EMA.

"Moving towards the weekly chart, we can see the formation of a 'doji' (candlestick pattern) right at the EMA20w which indicates indecision between buyers and sellers.

"Short-term technical rebound still in progress but anticipated to be short lived," it said.