KUALA LUMPUR (Dec 2): The FBM KLCI rose 0.39% at mid-morning today, as sentiment perked up in line with regional markets, as well as positive data showing Malaysia's PMI hits a 14-month high in November.

At 10am, the FBM KLCI rose 6.19 points to 1,567.93.

Gainers led losers by 291 to 220, while 300 counters traded unchanged. Volume was 570.92 million shares valued at RM236.84 million.

The top gainers included Ajinomoto (M) Bhd, Petronas Gas Bhd, Petronas Dagangan Bhd, PPB Group Bhd, QL Resources Bhd, Master-Pack Group Bhd and Allianz Malaysia Bhd.

The actives included Solarvest Holdings Bhd, MNC Wireless Bhd, Sapura Energy Bhd, XOX Bhd, Alam Maritim Resources Bhd and Yong Tai Bhd.

The decliners included Nestle (M) Bhd, Dutch Lady Milk Industries Bhd, Hengyuan Refining Company Bhd, Kuala Lumpur Kepong Bhd, Mulpha International Bhd, Tenaga Nasional Bhd, Pentamaster Corp Bhd and Cocoaland Holdings Bhd.

Global shares ticked up on Monday and oil rebounded after a big fall late last week, as investors clung to hopes Beijing and Washington could reach a compromise in trade talks although increasing tensions over Hong Kong unsettled market confidence, according to Reuters.

MSCI's index of Asia-Pacific shares outside Japan was up 0.17%, reclaiming some of its 1%-plus loss on Friday while Japan's Nikkei rose 0.85%, it said.

Hong Leong IB Research said while optimism over US corporate earnings and economic growth may lift sentiment near term, protracted risks over US-China trade to conclude the "phase one" deal should cap rebound upside as buying momentum waver, ahead of the next round of US tariffs to hit China on Dec 15.

"Technically, any overbought retracement is likely to be cushioned near 27,500-27,700 territory whilst resistances are near 28,300-28,500 levels.

"The local equity market is likely to remain under pressure given the lacklustre November reporting month as well as the heightened external headwinds such as the renewed US-China trade turmoil, but traditional window-dressing activities in December should cushion further slide, with key supports situated at 1,532-1,548 levels.

"On the contrary, stiff resistances are located around 1,584-1,604 levels," it said.