KUALA LUMPUR: Late selling of Public Bank and Maybank pushed the FBM KLCI deeper into the red on Friday but Top Glove and Hartalega
helped reduce the losses.
At 5pm, the KLCI was down 6.44 points or 0.43% to 1,506.63. Turnover was 6.86 billion shares valued at RM5.06bil. The broader market was slightly firmer with 629 gainers, 441 losers and 400 counters unchanged.
With the moratorium deadline at Sept 30 approaching, investors were seen reducing their shareholdings in banks.
Public Bank fell 56 sen to RM15.94 and erased 3.34 points from the KLCI while Maybank lost 16 sen to RM7.21 and wiped out 2.76 points., Hong Leong Bank fell 14 sen to RM14.76 and CIMB two sen to RM3.16.
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