KUALA LUMPUR (Dec 13): The FBM KLCI rose 0.65% at mid-morning Friday in line with regional gains as uncertainties over a US-China trade deal as well a thumping win for Britain’s Conservative Party lifted global markets.

At 10am, the FBM KLCI rose 10.31 points to 1,577.65.

Gainers led losers by 356 to 188, while 275 counters traded unchanged. Volume was 694.48 million shares valued at RM275.58 million.

The gainers included Nestle (M) Bhd, Ajinomoto (M) Bhd, Petronas Gas Bhd, Hong Leong Financial Group Bhd, Dutch Lady Milk Industries Bhd, PPB Group Bhd, Hong Leong Bank Bhd and Tenaga Nasional Bhd.

The actives included Dynaciate Group Bhd, D.B.E. Gurney Bhd, Bumi Armada Bhd, Sapura Energy Bhd, AT Systematization Bhd and Ekovest Bhd.

The decliners included Fraser & Neave Holdings Bhd, Malaysian Pacific Industries Bhd, Latitude Tree Holdings Bhd, Prolexus Bhd and QL Resources Bhd.

Reuters reported that Asian share markets jumped on Friday as a last-gasp Sino-US trade deal and a likely major election win by Britain's Conservative Party looked to have cleared a couple of dark clouds from the global horizon.

The double dose of relief slugged safe-haven sovereign bonds and the Japanese yen, even leading investors to scale back the chance of more interest rates cuts around the world, it said.

JF Apex Securities Research said US markets surged to record highs following progress in phase one of the US-China trade deal, which could be sealed this week.

It said that similarly, European stocks advanced after the European Central Bank kept interest rates unchanged.

“On the local market, the FBM KLCI gained 4.15 points to 1,567.34 points.

“Following the bullish performance in the US and Europe, the FBM KLCI could extend its rebound towards the resistance of 1,580 points,” it said.