KUALA LUMPUR (June 22): The FBM KLCI reversed its earlier losses and climbed 0.47% at mid-morning, lifted by select blue chips on some mid-year window dressing activities.

At 10.02am, the FBM KLCI rose 8.14 points to 1,729.91.

The top gainers included Carlsberg Brewery (M) Holdings Bhd, Sam Engineering Bhd, British American Tobacco (M) Bhd, Tenaga Nasional Bhd, Hong Leong Financial Group Bhd, Time Dotcom Bhd, Top Glove Corporation Bhd, Kuala Lumpur Kepong Bhd and KESM Industries Bhd.

The top active stocks included Frontken Corporation Bhd, APFT Bhd. AirAsia Bhd, K-One Technology Bhd, IFCA MSC Bhd, Privasia Technology Bhd, KNM Group Bhd and Iris Corporation Bhd.

The top losers included Hong Leong Bank Bhd, UEM Edgenta Bhd, Sarawak Plantations Bhd, Petronas Gas Bhd, Cahya Mata Sarawak Bhd, Tan Chong Motor Holdings Bhd and Tasco Bhd.

U.S. stock futures jumped in early Asian trade on Monday after Greek Prime Minister Alexis Tsipras offered a new package of reforms to foreign creditors, a ray of hope for a last-minute deal at the emergency euro zone summit meeting later in the day, according to Reuters.

But many investors were still cautious because it was not immediately clear how far the new proposal yielded to creditors' demands for additional spending cuts and tax hikes, nor whether creditors can stomach the offer, it said.

Hong Leong IB Research said sentiment will remain wary ahead of the Greece debt talk today and ahead of the upcoming Fitch review by end June.

“We still believe 1700 psychological level will be defended, given the presence of local funds support ahead of the widely-anticipated June window dressing.

“Key resistances are 1740-1750,” it said.