KLCI closes nearly flat, banks slip, Petronas stocks up

KUALA LUMPUR: Blue chips managed to erase most of the earlier losses on Monday to end flat amid some selling of key banking stocks but the decline was offset by buying of Petronas-linked stocks.

At 5pm, the FBM KLCI was down 0.22 of a point or a mere 0.01% to 1,570.93. Turnover was 2.58 billion shares valued at RM1.47bil. There were were 380 gainers, 438 losers and 391 counters unchanged.