Tuesday, July 19, 2011

FBM KLCI slips below 1,560-level, banks weigh

KUALA LUMPUR: The FBM KLCI slipped below the 1,560-point level in early trade on Tuesday, July 19 as banking stocks declined in line with the weaker overnight close at Wall Street as the debt crises in the USA and Europe continued to weigh on investor sentiment.

At 9.20am, the FBM KLCI fell 3.47 points to 1,559.11. Losers beat gainers by 155 to 79, while 120 counters traded unchanged.

Among the major decliners, Hong Leong Bank fell 12 sen to RM13.32, CIMB lost nine sen to RM8.47 and Maybank down seven sen to RM8.75.

Other decliners included Berjaya Media, MSM, Esso, Adventa and Kulim.

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