KUALA LUMPUR, Nov 11— Shares on Bursa Malaysia were steadier at mid-morning today, bucking the regional trend and lifted by selected blue chips, dealers said. 

At 11am, the FTSE Bursa Malaysia KLCI (FBM KLCI) firmed 0.64 point to 1,804.86.

HLIB Research said despite a potential rebound today, the KLCI technical picture remained fragile at this juncture.

The KLCI is likely to trade sideways in the near term, due to its rich valuation vis-à-vis regional markets, uncertainties surrounding the US Federal Reserve’s stimulus tapering timeline timing and ongoing Bursa Malaysia 3Q13 earnings reporting season.

On the scoreboard, the Finance Index gained 9.49 points to 16,732.98, the Plantation Index fell 10.81 points to 8,611 while the Industrial Index dipped 0.68 point to 3,105.3.

The FBM Emas Index increased 4.91 points to 12,563.74 and the FBMT100 added 4.98 points to 12,286.65, while the FBM Mid 70 Index rose 8.49 points to 14,311.1 and the FBM Ace Index was 33.12 points higher at 5,906.13.

Losers edged gainers by 309 to 249, with 295 counters unchanged, 1,063 untraded and 26 others suspended.

Turnover stood at 732.537 million shares worth RM458.244 million.

Among actives, Sumatec Res Bhd added one sen to 27.5 sen, Xidelang Hlds Ltd chalked up two sen to 13.5 sen and Managepay Systems-Warr increased one sen to five sen.

Among heavyweights, Maybank inched up four sen to RM9.93 while CIMB and Axiata both shed one sen each to RM7.61 and RM6.85 respectively.

Sime Darby was unchanged at RM9.50 and Petronas Chemical Group gave up five sen to RM6.78. — Bernama