KLCI closes at 5 month low, Bursa sees 1,000 counters in the red

The broader market weakened with declining stocks hammering advancers five to one or 1,033 losers to 203 gainers while 309 counters were unchanged.

KUALA LUMPUR: Selling pressure picked up pace in the afternoon on Friday, with Public Bank, Top Glove and Tenaga Nasional among the bigger losers as the FBM KLCI fell to the lowest in five months.

At 5pm, the KLCI was down 28.31 points or 1.89% to 1,466.89 – the lowest since May 29 on political worries ahead of the Budget 2021 proposals next Friday and the impact of the spreading Covid-19 infections.