KUALA LUMPUR (July 27): The FBM KLCI pared some of its losses at mid-morning today buy remained on course to extend its consolidation mode.

At 10am, the FBM KLCI wasd down 6.03 points to 1,714.73. the index had earlier fallen to a low of 1,710.97.

The top losers included Bintulu Port Holdings Bhd, PPB Group Bhd, UMW Holdings Bhd, Kuala Lumpur Kepong Bhd, Hong Leong Bank Bhd, Cycle & Carriage Bintang Bhd, RHB Capital Bhd and IOI Corporation Bhd.

The actives included newly-listed Ikhmas Jaya Group Bhd, The Media Shoppe Bhd, APFT Bhd, Frontken Corporation Bhd, AirAsia Bhd and JAKS Resources Bhd.

The gainers included Panasonic Malaysia Manufacturing Bhd, Tahps Group Bhd, British American Tobacco (M) Bhd, V.S.Industry Bhd, Ikhmas Jaya and KESM Industry.

Asian shares began the week on a plaintive note amid losses on Wall Street and worries over China, while investors braced for a Federal Reserve meeting that might take another small step toward lifting U.S. interest rates, according to Reuters.

Japan's Nikkei slipped 0.8 percent in early trade, while MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.2 percent, it said.

Hong Leong IB Research said given the lack of fresh catalysts and an extended selldown on Dow last Friday, the FBM KLCI is expected to engage in a prolonged sideways consolidation with lingering local concerns over political glitches, weakness in Ringgit, falling international reserves, ongoing probes on 1MDB as well as expectations of another challenging upcoming 2Q15 reporting season in Aug.