KUALA LUMPUR (Aug 26): The FBM KLCI reversed its earlier losses and eked out meagre gains at mid-morning today.

At 10.01am, the FBM KLCI was up 1.83 points to 1,682.13. The index had fallen to a low of 1,673.87.

The gainers included British American Tobacco (M) Bhd, Huat Lai Resources Bhd, AirAsia Bhd, Padini Holdings Bhd, Fraser & Neave Holdings Bhd, Petronas Gas Bhd, Gadang Holdings Bhd, Malayan Banking Bhd and MSM Malaysia Holdings Bhd.

The actives included AirAsia X Bhd, Censof Holdings Bhd, AirAsia, D.B.E. Gurney Holdings Bhd, Vivocom Intl Holdings Bhd, Felda Global Ventures Holdings Bhd and Kanger International Bhd.

The decliners included Dutch Lady Milk Industries Bhd, Nestle (M) Bhd, Petronas Dagangan Bhd, SHH Resources Bhd, PPB Group Bhd, IHH Healthcare Bhd and MKH Bhd.

Caution ahead of a speech by Federal Reserve Chair Janet Yellen's speech at the annual gathering of central bankers in Jackson Hole, Wyoming, limited movements across global markets on Friday, according to Reuters.

Asian stocks tracked an overnight dip on Wall Street and edged down early in the session, while geopolitical tensions helped shore up crude oil prices, it said.

Hong Leong IB Research said that it expects ongoing consolidation mode to prevail ahead of Yellen’s speech tonight as well as growing attention on the peak of ongoing August reporting season, given that a flurry of big caps results that could trigger volatility in a lacklustre market.