KUALA LUMPUR: Heavy churning of penny stocks saw trading volume and value surge at the midday break while the FBM KLCI fell nearly 1% due to selling of banks and oil and gas stocks despite gains in glove makers.
At 12.30pm, the KLCI was down 15.09 points or 0.94% to 1,588.66. Turnover was 6.97 billion shares valued at RM4.65bil. There were 481 gainers, 599 losers and 323 counters unchanged.
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