Banks, Tenaga slip but most glove stocks advance

KUALA LUMPUR: Most banks and Tenaga Nasional closed lower on Wednesday ahead of the release of their earnings while investors continued to pile into glove makers on expectations of more supernormal earnings.

At 5pm, the KLCI was down 2.47 points or 0.16% to 1,575.38. Turnover was 8.55 billion shares valued at RM7bil. There were 614 gainers, 447 losers and 383 counters unchanged.