KUALA LUMPUR (July 5): The FBM KLCI remained muted at mid-morning today during a holiday shortened trading week to observe the Hari Raya holidays.

At 10.01am, the FBM KLCI was down 1.30 points to 1,653.54.

The top losers included Sarawak Plantations Bhd, Maxis Bhd, Aeon Co (M) Bhd, Kawan Food Bhd, Malaysia Airports Holdings Bhd, Tomypak Holdings Bhd and CIMB Group Holdings Bhd.

The actives included Sanichi Technology Bhd, O&C Resources Bhd, Luster Industries Bhd, AirAsia Bhd and Borneo Oil Bhd.

The gainers included Fraser & Neave Holdings Bhd, Carlsberg Brewery (M) Holdings Bhd, BLD Plantation Bhd, Amway (M) Holdings Bhd, Wing Tai Malaysia Bhd, Tan Chong Motor Holdings Bhd and LPI Capital Bhd.

Asian shares stepped back after five straight days of gains on Tuesday as investors took stock of a rally driven by the hope that central banks will provide stimulus to offset a likely downturn triggered by Brexit, according to Reuters.

MSCI's broadest index of Asia-Pacific shares outside Japan dipped 0.1 percent, but was still within reach of its June 9 peak, having risen more than 6 percent from its low after the Brexit vote, it said.

Hong Leong IB Research said that in a holiday-shortened week (half-day trading on July 5 and Raya holidays on July 6 & 7), the FBM KLCI is likely to consolidate its recent gains with lackluster trading activities.

“Key weekly supports are 1612-1636 while resistances fall on 1650-1665.

“Overall, we still expect global markets to remain volatile in the near term following recent sharp gains as investors grapple with Brexit domino impact, anemic global economic growth, rising terrorism risks and potential EU break-up,” it said.