Banks, Genting back in favour as glove makers slump

Public Bank rallied 48 sen to RM17.40 and added 2.87 points to the KLCI.

KUALA LUMPUR: Banks and Genting closed higher on Wednesday but the gains were not enough to prevent the FBM KLCI from slipping into the red as investors took profit on Top Glove and Hartalega.

At 5pm, the KLCI was down 8.10 points or 0.52% to 1,556.64. Turnover was robust with 19.18 billion shares done valued RM7.94bil. Decliners beat advancers about three to one or 907 losers to 315 gainers and 295 counters were unchanged.