Genting slumped 15 sen to RM6.80 and erased 1.01 points while GentingM was down three sen to RM3.25 following the recent corporate news which were viewed as negative by investors.
KUALA LUMPUR: Bursa Malaysia joined most key Asian markets to end Monday on a cautious note as they remained wary following the rise in US Treasury yields which rose to the highest since January 2014.
At 5pm, the KLCI was down 7.39 points or 0.39% to 1,880.36 due to declines in Maybank, Petronas Gas and CIMB.
Turnover was 1.94 billion shares valued at RM1.66bil. Decliners beat advancers seven to two or 711 losers to 216 gainers and 351 counters unchanged.
The ringgit rose against the key currencies, up 0.05% to the US dollar to 3.8958 and climbed 0.47% to the pound sterling to 5.4503 and gained 0.55% against the eurp to 4.7688. It was higher by 0.58% to the Singapore dollar at 2.9473.
World stocks slipped on Monday as investors braced for a blizzard of earnings from the world's largest firms, while keeping a wary eye on US bond yields as they approach peaks that have triggered market spasms in the past, Reuters reported.
The yield on 10-year US Treasuries hit its highest level since January 2014 at 2.9790% in early European trade, as the spread over the German equivalent briefly touched its widest level in 29 years.
Among the key Asian markets, Japan's Nikkei 225 fell 0.33%; Hong Kong's Hang Seng Index lost 0.54%, China's Shanghai Composite Index slipped 0.11%, South Korea's Kospi shed 0.09% but Singapore's Straits Times Index bucked the trend to climb 0.17%.
At Bursa, Maybank fell 10 sen to RM10.62 and erased 1.96 points, CIMB lost six sen to RM7.24 and wiped out nearly one point, Hong Leong Bank was down four sen to RM19.36, AmBank and RHB Bank eased two sen each to RM3.86 and RM5.36 but Public Bank gained 10 sen to RM24.30 and added nearly 90.7 point to the KLCI.
US light crude oil fell 42 cents to US$67.98 and Brent was down 39 cents to US$73.67.
Refiners fell with Hengyuan down 62 sen to RM7.70 and Petron 27 sen to RM7.80.
Petronas Gas lost 38 sen to RM28.22 and erased 1.35 points, Petronas Dagangan 10 sen lower at RM27.50 while Petronas Chemicals shed two sen to RM8.46.
As for telcos, Telekom fell 13 sen to RM5.37, Digi shed four sen to RM4.49, Axiata was dkat at RM5.45 while Maxis edged up two sen to RM5.89.
Power giant Tenaga was down four sen to RM15.88, Genting Malaysia fell nine sen to RM5.08 and Genting Bhd
unchanged at RM8.86.
Among the consumer stocks, Ajinomoto fell the most, down 62 sen to RM21.98 but Carlsberg climbed 20 sen to RM19.40, BAT 14 sen to RM25 and F&N 10 sen higher at RM35.
Glove makers Hartalega and Supermax fell. Hartalega was down 30 sen to RM6 and Supermax snapped its week-long rally, falling 16 sen to RM2.76.
Tin miner and metal producer, Malaysia Smelting Corporation jumped 61 sen to RM3.48, highest since Feb 20 after two-for-one share split and one-for-one bonus issue.
As for plantations, PPB Group rose eight sen to RM19.10. KL Kepong two sen to RM25.52 and IOI Corp flat at RM4.78. Sime Plantation rose five sen to RM5.57, Sime Dary fell two sen to RM2.78 and Sime Property shed one sen to RM1.39.
Among the tech-related stocks KESM was down 60 sen to RM15.90 as the recent recovery was short-lived after the recent downgrade.
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