KUALA LUMPUR (June 6): The FBM KLCI pared some of its loss in line with the uptrend at most regional markets.

At 10am, the FBM KLCI was down 0.65 points to 1,754.49. The index had earlier slipped to a low of 1,751.03.

Gainers led losers by 335 to 194, while 269 counters traded unchanged. Volume was 644.91 million shares valued at RM362.07 million.

The top losers included British American Tobacco (M) Bhd, Nestle (M) Bhd, Hong Leong Financial Group Bhd, Atlan Holdings Bhd, Apex Healthcare Bhd, UMW Holdings Bhd, MISC Bhd and Petronas Gas Bhd.

The actives included Cuscapi Bhd, My E.G. Services Bhd, TH Heavy Engineering Bhd, Sapura Energy Bhd, Sumatec Resources Bhd, Asdion Bhd, Iris Corp Bhd and Velesto Energy Bhd.

The gainers included KESM Industries Bhd, Fraser & Neave Holdings Bhd, Petron Malaysia Refining & Marketing Bhd, Astro Malaysia Holdings Bhd, Hengyuan Refining Company Bhd, Cahya Mata Sarawak Bhd, Hong Leong Industries Bhd and Lafarge Malaysia Bhd.

Asian stocks edged up on Wednesday after tech sector strength lifted Wall Street shares, while concerns about Italy's debt prompted investors to move into lower-risk government debt elsewhere, pushing US Treasury yields down from recent highs, according to Reuters.

MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.1%, while Japan's Nikkei edged down 0.1%, it said.

Hong Leong IB Research in a traders' brief said in the US, investors are focusing on the G7 summit that will be held this week.

"Also, with the reciprocal measures imposed on US and its trading partners may reflect in softer trading activities in the stock markets, limiting the upside potential of Wall Street, eventually.

"On our local bourse, after the euphoric selling activities after GE14, most of the stocks are oversold and traders may look for trading opportunities on the broader market for a technical rebound.

"Nevertheless, we think the rebound could be short-lived as market tone remains cautious with the resurfacing of negative news flow related to the previous administration," it said.