Banks lead KLCI to lower close, Instacom in focus


However, the decline was somewhat cushioned by the firmer ringgit which strengthened against the US dollar to 4.2253 from 4.2295 on Wednesday, it was at 6.3062 to the pound sterling from 6.3719 and at 2.9954 to the Singapore dollar from 3.0026.

Penny stock Instacom was the most active, extending its losses by 2.5 sen to 28.5 sen following it share placement, corporate exercise and possible margin call on two stockists.

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