KUALA LUMPUR (June 28): The FBM KLCI pared some of its losses at mid-morning today as end-June window dressing cushioned its decline despite sharp losses elsewhere in the region.

At 10am, the FBM KLCI was down 2.42 points to 1,627.10. The index had earlier fallen to a low of 1,620.94.

The top losers including Atlan Holdings Bhd, Petronas Gas Bhd, Selangor Properties Bhd, RHB Bank Bhd, Oriental Holdings Bhd, Top Glove Corporation Bhd, Lafarge Malaysia Bhd and UMW Holdings Bhd.

The actives included Hiap Teck Venture Bhd, Nexgram Holdings Bhd, Borneo Oil Bhd, Compugates Holdings Bhd and AirAsia Bhd.

The gainers included Harrisons Holdings (Malaysia) Bhd, KESM Industries Bhd, BP Plastics Holding Bhd, GE-Shen Corporation Bhd, Fraser & Neave Holdings Bhd, Aeon Credit Service (M) Bhd, Cahya Mata Sarawak Bhd and Lii Hen Industries Bhd.

Global equities took another step down in Asia on Tuesday, with regional markets sliding and sterling wallowing near three-decade lows as Britain's shock vote to exit the European Union (EU) continued to roil financial markets, according to Reuters.

MSCI's broadest index of Asia-Pacific shares outside Japan slumped 0.3%, after Wall Street marked its worst two-day drop in about 10 months, it said.

Hong Leong IB Research said although global markets have swiftly priced in Brexit impact since June 24, the FBM KLCI may continue to exhibit volatility this week amid shaky performances in the global equities, commodities and currencies markets amid uncertain long-term risks such as fragility of EU as a political union, and the rise of populism and nationalism.

"Nevertheless, potential end-June window dressing and commitment by major central banks to inject additional liquidity and maintain accommodative monetary policies will cushion severe downside fall.

"Near-term FBM KLCI supports are 1,600–1,611 while resistances fall on 1,635–1,642 levels," it said.