KLCI hammered as declining stocks at 1,024

KUALA LUMPUR: Malaysia’s FBM KLCI was battered by relentless foreign selling on Monday, sending the 30-stock index below the psychologically important 1,700 level.

At 4.16pm, the KLCI was down 36.95 points or 2.13% to 1,696.04. Turnover was 1.73 billion shares valued at RM1.75bil. Declining stocks hammered advancers 1,024 to 43 or nearly 24 to one.