Selling activity picking up, KLCI closes down nearly 6pts

KUALA LUMPUR: Selling of Genting Bhd and banks pushed Malaysia's blue chips to a weaker close on Monday, as profit taking picked up pace though the broader market was slightly firmer.

At the close, the FBM KLCI was down 5.93 points or 0.33% to 1,767.13. Year-to-date, the KLCI is up 4.63%. Turnover was 1.62 billion shares valued at RM2.23bil. Advancers led decliners 489 to 341 while 253 counters were unchanged.