KLCI ends Monday in the red as banks, Genting slip

KUALA LUMPUR: Blue chips closed lower on Monday as selling pressure picked up in the afternoon session, mirroring the key cautious Asian markets, with banks and Genting Bhd among the top losers.

US light crude oil fell 31 cents to US$47.66 and Brent was 20 cents lower at RM50.60. Petronas Dagangan lost two sen to RM23.78, Petronas Gas was flat at RM19.72 but Petronas Chemicals climbed six sen to RM7.58.