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: Blue chips ended Monday, the first trading day of the second quarter on a weak note on late selling pressure with Petronas Dagangan and Telekom Malaysia among the decliners.
At 5pm, the FBM KLCI was down 5.11 points or 0.27% to 1,858.35. Turnover was 2.08 billion shares valued at RM1.64bil. The broader market was lacklustre with deciners beating advances 553 to 313 and 408 counters unchanged.
China stocks kicked off the first quarter with mild losses on Monday, amid lingering worries of a full-blown trade war between the United States and China, and as investors assessed mixed economic readings, Reuters reported.
The ringgit was flat against the US dollar at 3.8635, slipped 0.07% to the pound sterling at 5.4337, shed 0.01% to the euro at 4.7631 but edged up 0.03% against the Singapore dollar at 2.9490.
At Bursa, HLFG fell 48 sen to RM18.78, Maybank fell eight sen to RM10.52 and erased 1.43 points from the KLCI, Public Bank and Hong Leong Bank 10 sen each to RM23.90 and RM18.70 while Alliance Bank lost 21 sen to RM4.16.
However, shoring up the KLCI was Petronas Gas, up 14 sen to RM17.98 and pushed the KLCI up 0.45 point while Petronas Chemicals gained three sen to RM8.29. Petronas Dagangan lost 18 sen to RM24.70.
Refiner Hengyuan fell 23 sen to RM7.42 and Petron eigt sen lower to RM8.51.
Oil rose towards US$70 a barrel on Monday, lifted by a drop in drilling activity in the United States and concerns that Washington could reintroduce sanctions against Iran, Reuters reported.
US drillers cut seven oil rigs in the week to March 29, bringing the total down to 797, the first decline in three weeks. US light crude rose 37 cents to US$65.31 and Brent 56 cents up to US$69.90.
Among the consumers, Dutch Lady
was the top loser, down 50 sen to RM68, BAT fell 40 sen RM26.02, Nestle added 10 sen to RM154.60, Apollo gained 11 sen to RM4.06.
Steel counters perked up as Press Metal gained four sen to RM4.36 while Ann Joo and Southern Steel gained 14 sen each to RM3.14 and RM1.85.
As for telcos, Telekom lost 16 sen to RM5.06, Axiata seven sen lower at RM5.38, Maxis dipped four sen to RM5.70 but Digi edged up one sen to RM4.65.
Crude palm oil for third moth rose RM32 to RM2,457 per tonne. Far East was the top gainer, up 64 sen to RM9.16, IOI Corp shed one sen to RM4.78, KL Kepong two sen lower to RM25.56 and PPB Group 10 sen lower at RM19.04.
Sime Plantation rose one sen to RM5.53, Sime Darby was flat at RM2.64 and Sime Property lost two sen to RM1.40.
Among the glove makers, Top Glove added 36 sen to RM10 and Hartalega 15 sen to RM6.20.
Tenaga lost four sen to RM16.20, Genting Malaysia was unchanged at RM4.90 but Genting Bhd advanced seven sen to RM8.80.
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