KLCI ends below 1,700 on late selling

KUALA LUMPUR: Late selling of key stocks pushed the FBM KLCI further below the critical 1,700 level with Tenaga Nasional, Sime Darby and CIMB among the main drags on the index as foreign funds continued to reduce their shareholdings in Malaysian equities.

At 5pm, the KLCI was down 0.71 of a point or 0.04% to 1,698.99 after hitting a high of 1,702. Turnover slowed down to 1.36 billion shares valued at RM1.73bil. The broader market was slightly more positive with 444gainers to 371 losers and 313 counters unchanged.