KUALA LUMPUR: The FBM KLCI pared some its earlier losses to close lower on Thursday, weighed by banking stocks amid the weak market sentiment.
The benchmark index closed down 2.71 points, or 0.19% at 1,441.85. The index had earlier dipped to its intraday low of 1,433.04.
Market breadth was negative as losers overpowered the gainers on a ratio of 510-to-361 stocks. Traded volumes stood at 2.94 billion shares valued at RM1.66bil.
Banking counters Maybank and RHB Bank declined five sen each to RM5.60 and RM8.90 respectively. Public Bank lost four sen to RM4.09, AmBank declined three sen to RM3.75 and CIMB fell one sen to RM5.46.
...