KUALA LUMPUR (May 24): The FBM KLCI remained in the negative zone at mid-morning as regional markets traded languid.

At 10am, the FBM KLCI lost 6.75 points to 1,628.14.

The top losers included British American Tobacco (M) Bhd, Lafarge Malaysia Bhd, Genting Plantations Bhd, UPA Corporation Bhd, UMW Holdings Bdh, Petronas Dagangan Bhd, Pos Malaysia Bhd, Hong Leong Financial Group Bhd, Kuala Lumpur Kepong Bhd and Genting Bhd.

The actively traded stocks included AirAsia X Bhd, XOX Bhd, Vivocoom International Holdings Bhd, EG Industries Bhd and Compugates Holdings Bhd.

The gainers included Hwang Capital (Malaysia) Bhd, Nestle (M) Bhd, Aturmaju Resources Bhd, KLCC Property Holdings Bhd, Hong Leong Industries Bhd, Hong Leong Bnk Bhd and MKH Bhd.

Asian shares were nearly flat in early trading on Tuesday, while the dollar rebounded from steep losses against the yen in the previous session, according to Reuters.

MSCI's broadest index of Asia-Pacific shares outside Japan did not stray far from its previous close, after Wall Street closed with modest losses overnight, it said.

Hong Leong IB Research said that technically, the FBM KLCI might stage a mild technical rebound amid improving daily RSI, MACD and Stochastics.

“However, any rebound might be capped near 1640 – 1650 territories given some uncertainty surrounding the looming Brexit, higher likelihood of US interest rate hike in June as well as local earnings result jitters,” it said.