KLCI halves its losses but broader market still cautious (Update)

KUALA LUMPUR: The FBM KLCI managed to halve its losses on Friday after the initial selldown to end the morning session just above the 1,750 level as investors were shifted to healthcare-related stocks, while the KLCI was further weighed by banks.

At 12.30pm, the KLCI was down 11.02 points or 0.63% to 1,751.32, off the early low of 1,738.06. Turnover was 846.72 million valued at RM1.195bil. Decliners beat advancers six to one with 630 losers to 102 gainers while 217 were unchanged.