KLCI falls below key 1,500 level

KUALA LUMPUR: Sustained selling pressure on the final trading day of July saw the key FBM KLCI falling below the psychological important level of 1,500 in late afternoon on Friday, tracking the weaker Asian markets.

At 3.38pm, the KLCI was down 13.15 points or 0.87% to 1,499.78. Turnover was 3.20 billion shares valued at RM1.68bil. Decliners beat advancers seven to two or 702 losers to 222 gainers and 386 counters were unchanged.

Weighing on the KLCI were KL Kepong, PPB Group and Hong Leong Bank. KLK fell 44 sen to RM18.82, PPB 16 sen to RM18.10 and HL Bank 14 sen to RM18.