KUALA LUMPUR (Sept 13): The FBM KLCI recovered at midday break, erasing earlier losses, climbing in line with regional peers.

At 12.30pm, the FBM KLCI rose 3.09 points to 1,788.34. The index had earlier slipped to its intra-morning low of 1,777.45.

Losers led gainers by 384 to 339, while 1,164 counters traded unchanged. Volume was 1.16 billion shares, valued at RM1.27 billion.

Top gainers included Ajinomoto (M) Bhd, United Plantations Bhd, Nestle (M) Bhd, CIMB Group Holdings Bhd, Pentamaster Corp Bhd, Unisem (M) Bhd, Aeon Credit Service (M) Bhd, Hong Leong Bank Bhd and Hengyuan Refining Company Bhd.

Actives included Sapura Energy Bhd, My EG Services Bhd, Borneo Oil Bhd, XOX Bhd, Inari Amertron Bhd, Nexgram Holdings Bhd and Unisem.

Decliners included British American Tobacco (M) Bhd, Carlsberg Brewery Malaysia Bhd, Hong Leong Financial Group Bhd, Heineken Malaysia Bhd, Malaysia Airports Holdings Bhd and UEM Edgenta Bhd.

Asian shares won a reprieve on Thursday, as news Trump administration has reached out to China for a new round of trade talks, raised hopes a deal could be struck in the bitter tariff dispute between the world's two biggest economies, according to Reuters.

MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.6%, a day after it hit 14-month lows, Reuters said.

Affin Hwang Capital Research said the FBM KLCI Index lost 13.92 points in the last session.

“Our index performance has been bogged down by global trade concerns. Prices have breached below the 20 days EMA and is currently hovering above the 50% Fib level. Bearish divergence can also be spotted in RSI.

“The FBM KLCI Index may experience downward bias in the near-term,” the research house said.