KUALA LUMPUR (Aug 11): The FBM KLCI remained muted at mid-morning today in line with the subdued mood at most regional markets.

At 10.01am, the FBM KLCI was up 2.36 points to 1,675.39.

The gainers included MNRB Holdings Bhd, REC Capital Bhd, Public Bank Bhd, UMW Holdings Bhd, Fraser & Neava Holdings Bhd, Teck Guan Perdana Bhd, Hume Industries Bhd, Panasonic Malaysia Manufacturing Bhd, Petron Malaysia Marketing & Refining Bhd and Mesiniaga Bhd.

The actives included Ho Wah Genting Bhd, TH Heavy Engineering Bhd, PDZ Holdings Bhd, AirAsia X Bhd, RCE Capital, Malaysia Building Society Bhd and APFT Bhd.

The decliners included British American Tobacco (M) Bhd, lay Hong Bhd, Petronas Gas Bhd, Petronas Dagangan Bhd, Malaysia Airports Holdings Bhd, Carlsberg Brewery (M) Holdings Bhd, Malaysia Smelting Corp Bhd and Genting Bhd.

Asian shares fell on Thursday, reversing recent gains as investors took profits after Wall Street declined overnight, and oil prices tumbled on news of a surprising jump in U.S. government stockpiles, according to Reuters.

MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.2 percent in early Asian trade. It hit a one-year high on Wednesday and has broadly outperformed the MSCI world index since end-June, it said.

Hong Leong IB Research said that in the near term, the FBM KLCI is likely to stay sideways but with an upside bias to break 1675 amid improving technical outlook and stimulus-driven measures by central banks and government.

“However, further strong upside may be capped (beyond 1700), given the nagging concern in China economy, retreating oil prices and the ongoing Aug reporting season,” it said.