KUALA LUMPUR (Nov 21): The FBM KLCI lost 0.65% at mid-morning today, tracking the slide at most global markets.

At 10am, the FBM KLCI lost 10.35 points to 1,590.79.

Losers led gainers by 341 to 214, while 294 counters traded unchanged. Volume was 761.47 million shares valued at RM377.63 million.

The top losers included Petronas Dagangan Bhd, Public Bank Bhd, Petronas Gas Bhd, Nestle (M) Bhd, Batu Kawan Bhd, Malaysian Pacific Industries Bhd, Amway (M) Holdings Bhd and Hong Leong Bank Bhd.

The actives included Alam Maritim Resources Bhd, KNM Group Bhd, My EG Services Bhd and Seacera Group Bhd.

The gainers included BLD Plantation Bhd, Carlsberg Brewery Malaysia Bhd, Heineken Malaysia Bhd, Teck Guan Perdana Bhd, Ta Ann Holdings Bhd and KESM Industries Bhd.

Global shares slid on Thursday as a fresh row between Washington and Beijing over US bills on Hong Kong could complicate their trade negotiation and delay a "phase one" deal that investors had initially hoped to be inked by now, according to Reuters.

MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.16% while Japan's Nikkei dropped 0.25%, it said.

Hong Leong IB Research said on the back of overbought levels and until the signing of the US-China phase one trade agreement, the Dow is likely to remain event-driven with formidable resistance near 28,200-28,500 as disagreement exists between the US and China on specific tariffs.

"Nevertheless, any pullback is likely to be cushioned near 27,300-27,500 amid recent positive economic data and upbeat US 3Q19 reporting season.

"On our local front, we expect sentiment to remain cautious amid the ongoing November reporting season as well as the uncertainty over whether the phase one mini deal will be signed off ahead of the scheduled trade war tariff on the Dec 15.

"Should further tariffs [be] imposed on Chinese goods, we expect another rout on global financial markets. Stiff resistances are around 1,610-1,620 zones whilst supports fall on 1,570-1,586 as traditional window-dressing activities in December [are] likely to lend some support to the KLCI," it said.