KUALA LUMPUR (Aug 8): The FBM KLCI pared some of its gains at mid-morning today as sellers overtook buyers and sentiment turned tepid.

At 10.02am, the FBM KLCI was up 0.91 points to 1,778.82. The index had earlier risen to 1,780.73.

The gainers included Ajinomoto (M) Bhd, Southern Acids (M) Bhd, PLB Engineering Bhd, Heineken Malaysia Bhd, Carlsberg Brewery Malaysia Bhd, LPI Capital Bhd, Mega First Corp Bhd, Pentamaster Corp Bhd, Inari Amertron Bhd and CIMB Group Holdings Bhd.

The actives included Frontken Corp Bhd, Dagang NeXchange Bhd, AirAsia X Bhd, Compugates Holdings Bhd, mTouche Technology Bhd, Priceworth International Bhd and Aemulus Holdings Bhd.

The decliners included Aeon Credit Service (M) Bhd, Malaysia Smelting Corp Bhd, Petron Malaysia Refining & Marketing Bhd, Apex Equity Holdings Bhd, Jaycorp Bhd, Hartelega Holdings Bhd and Unisem (M) Bhd.

Asian shares neared decade peaks on Tuesday, thanks to optimism on the global economy and a rash of records on Wall Street, while major currencies were becalmed ahead of Chinese trade data, according to Reuters.

MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.2% and to within a whisker of its recent high, it said.

Hong Leong IB Research in a traders' brief said that although overseas market continued the positive trading tone, upside might be limited as the Dow is overbought as its price movements have extended beyond the upper Bollinger band.

"Also, conclusion on the two-day OPEC and non-OPEC meeting will be monitored closely and we may expect higher volatility of crude oil trading over the near term.

"Meanwhile, trading environment on the local front is likely to stay mixed with the heavyweights being supported, while profit-taking activities could extend on tech and ACE market stocks after selective selloffs yesterday.

"The FBM KLCI's resistance will be located around 1,780-1,785," it said.