KUALA LUMPUR (July 7): The FBM KLCI opened lower this morning, weighed by losses at select blue chips while regional market steadied after the heavy losses Monday.

At 9am, the FBM KLCI was down 2.78 points to 1,714.27.

The top losers included Cahya Mata Sarawak Bhd, Tan Chong Motor Holdings Bhd, Petronas Gas Bhd, Carlsberg Brewerey (M) Holdings Bhd, MISC Bhd, Gas Malaysia Bhd, Westports Holdings Bhd, Public Bank Bhd, JAKS Resources Bhd and MMC Corporation Bhd.

Asian stocks won a reprieve on Tuesday after sharp falls the previous day but investors remained on edge amid uncertainty over Greece's position in the euro and volatility in mainland Chinese share markets, according to Reuters.

Japan's Nikkei rose 1.2 percent while MSCI's broadest index of Asia-Pacific shares outside Japan , which fell to six-month low on Monday, was up 0.2 percent, it said.

JF Apex Securities Research in a market preview today said US markets declined following Greece's debt crisis and lower oil price.

Similarly, it said European markets slid after Greeks voted not to accept creditors' bailout proposals.

“On the local market, the FBM KLCI lost 17.19 points to 1717.05 points after Greece's referendum.

“The index tested the immediate support of 1705 points yesterday and we expect the FBM KLCI to consolidate above this level,” it said.