KUALA LUMPUR (June 24): The FBM KLCI drifted lower at mid-morning today despite the rally at most regional markets as local investors remained jittery over the lack of fresh catalysts.

At 10.03am, the FBM KLCI shed 0.42 points to 1,726.44.

The top losers included Carlsberh Brewery (M) Holdings Bhd, Enra Group Bhd, Tenaga Nasional Bhd, Latitude Tree Holdings Bhd, Country View Holdings Bhd, Alliance Financaial Group Bhd, Aeon Credit Services (M) Bhd and RHB Capital Bhd.

The actively traded stocks included KNM Group Bhd, Genetec Technology Bhd, Perisai Petroleum Teknologi Bhd, Frontken Corporation Bhd, Destini Bhd and Perwakja Holdings Bhd.

The gainers included V.S. Industry Bhd, Kuala Lumpur Kepong Bhd, Genting Plantations Bhd, Harbour-Link Group Bhd, Ta Ann Holdings Bhd, Hartalega Holdings Bhd, Guinness Anchor Bhd and Pos Malaysia Bhd.

Asia shares rallied for a sixth straight session on Wednesday as investors chose to be optimistic on the chances of a Greek debt deal, while the dollar held broad gains as the prospect of US rate rises came back on the radar, according to Reuters.

Japan's Nikkei led the way as a gain of 0.4% cleared a peak from 2000 to reach ground last trod in 1997, it said.

Hong Leong IB Research said that in view of the nagging domestic concerns, the FBM KLCI could still be trapped in its two-month downtrend channel.

“Hence, first-half window dressing activities are the only potential domestic catalyst visible to move the benchmark index higher from a grossly oversold market.

“Key resistances are 1,746-1,769 whilst supports fall on 1,700-1,718 zones,” it said.