KUALA LUMPUR (July 6): The FBM KLCI fell 1.26% at mid-morning today as regional markets tumbled and the ringgit fell to  a 16-year low.

At 10.15am, the FBM KLCI lost 21.59 points to 1,712.43.

The top losers included British American Tobacco (M) Bhd, United Plantations Bhd, Petronas Dagangan Bhd, UMW Holdings Bhd, Dutch Lady Milk Industries Bhd, Hong Leong Financial Group Bhd, PPB Group Bhd, MISC Bhd and Petronas Gas Bhd.

The actively traded stocks included Frontken Corporation Bhd, APFT Bhd, Scan Associates Bhd and AirAsia Bhd.

The top gainers included Danainfra Nasional Bhd, Fraser & Neave Holdings Bhd and DKSH (M) Holdings Bhd.

Asian stocks and the euro stumbled on Monday after a Greek vote against austerity measures endangered its future in the single currency and raised the risk of a full-blown crisis in the euro zone, according to Reuters.

U.S. equity futures dropped around 1.2 percent though they were off early lows. Japan's Nikkei share index fell 1.4 percent while MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.5 percent, it said.

Hong Leong IB Research said Bursa Malaysia is expected to experience a turbulent week ahead, spurred by the fears of potential ‘Grexit’ and contagion spread to peripheral countries in Portugal, Spain and Italy.

“Moreover, lingering concerns over IMDB and MARA saga, weakness in Ringgit, political undercurrents, slower-than-expected growth in local economy and corporate earnings are all issues for the local market to continue to wrestle with.

“Stiff resistances are situated at 1746-1769 whilst supports fall on 1688-1700,” it said.