KUALA LUMPUR (June 26): The FBM KLCI remained in negative territory at mid-morning today in line with the downtrend at most regional againste the spectre of a Greece debt default next week.

At 10am, the FBM KLCI was down 1.97 points to 1,714.84.

The top losers included Public Bank Bhd, Boustead Holdings Bhd, Petronas Chemicals Group Bhd, Pintaras Jaya Holdings Bhd, Gamuda Bhd, Bursa Malaysia Bhd and Malayan Banking Bhd.

The actively traded stocks included AirAsia X Bhd, KNM Group Bhd, Fontken Corpoiration Bhd, IFCA MSC Bhd, Perwaja Holdings Bhd, AirAsia Bhd. Sanichi Technology Bhd and Nova MSC Bhd.

The top gainers included Panasonic Malaysia Manufacturing Bhd, Kuala Lumpur Kepong Bhd, Pharmaniaga Holdings Bhd, IFCA MSC, Genting Malaysia Bhd, United Malacca Bhd and Telekom Malaysia Bhd.

Asian equities fell on Friday as Greece failed again to reach an agreement with its creditors and stumbled towards a default, while major currencies like the euro and dollar drifted as the debt saga sidelined investors, according to Reuters.

MSCI's broadest index of Asia-Pacific shares outside Japan slipped 0.2 percent, it said.

Hong Leong IB Research said despite recent technical rebound, the FBM KLCI’s failure in reclaiming above the downtrend line (now at 1725) from year-to-date high of 1867.5 on April 27 is damaging and could potentially point to more weaknesses in the short term, especially approaching the upcoming Fitch review by end June.

“Today’s resistances are 1725-1733 whilst supports fall on 1700-1706 zones,” it said.