KUALA LUMPUR (June 23): The FBM KLCI sustained its momentum and stayed above the 1,730-point level at mid-morning today in line with gains at most regional markets.

At 10.02am, the FBM KLCI was up 0.58 points to 1,733.34.

The top gainers included British American Tobacco (M) Bhd, Time Dotcom Bhd, UMW Holdings Bhd, LTKM BHd, Enra Group Bhd, Malaysian Pacific Industries Bhd and Muhibbah Engineering Bhd.

The actively traded counters included KNM Group Bhd, Priavasia Technology Bhd, Hubline Bhd, Frontken Corporation Bhd, PUC Founder Bhd, APFT Bhd, Perisai Petroleum Teknologi Bhd and IFCA MSC Bhd.

The decliners included DKSH (Malaysia) Holdings Bhd, Nestle (M) Bhd, KLCC Property Holdings Bhd, Tenaga Nasional Bhd, Scientex Bhd and Sasbadi Holdings Bhd.

U.S. stock futures rose in early Asian trading on Tuesday, bolstered by hopes that Greece's latest budget proposals would stave off a debt default and lead to a deal with lenders later this week, according to Reuters.

European Council President Donald Tusk called the Greek proposals "a positive step forward," and said the aim was to have Eurogroup finance ministers approve a cash-for-reform package on Wednesday evening, and put it to euro zone leaders for final endorsement on Thursday morning, it said.

BIMB Securities Research said key regional markets ended mostly higher yesterday following encouraging development in Greece.

"Back home, the FBM KLCI gained 10.99 points or 0.64% to close at 1,732.76, lifted mainly by O&G, power and healthcare counters.

"Trading participation saw net selling by foreign institutions and local retail while local institutions were net buyers. We expect the local market to remain positive today due to improved global sentiment with immediate resistance at 1740 while support at 1,725," it said.