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: The local market was among the laggards in Monday morning trade, even as most Asian markets received a lift from the rebound in technological stocks in the US on Thursday.
At 12.30pm, the 30-stock index was down 2.90 points to 1,860.56. Turnover was 1.19 billion shares with a value of RM612.9mil. Decliners outpaced advancers 350 to 295 with 368 counters unchanged.
Maybank led the slide on the FBM KLCI, dropping eight sen to RM10.52. Also in the red was Hong Leong Bank, losing 12 sen to RM18.68, and Public Bank sliding two sen to RM23.98.
CIMB edged up one sen to RM7.20 and RHB rose 10 sen to RM5.33.
The telco sector was on the decline. Axiata fell six sen to RM5.39, Maxis slipped four sen to RM5.70and Digi dipped two sen to RM4.62.
Other notable movers included Tenaga Nasional, falling six sen to RM16.18, and Nestle, rising 60 sen to RM155.10.
On the broader market, leading movers included Ann Joo
, rising 14 sen to RM3.14, Southern Steel gaining 14 sen to RM1.85 and Caely, rising 13 sen to RM1.07.
Declining stocks included British American Tobacco, falling 20 sen to RM26.22, Dutch Lady, dropping 50 sen to RM68 and Enra, sliding 15 sen to RM2.51.
Oil prices rose on a decline in US drilling activity and expectations of sanctions against Iran, Reuters reported.
WTI crude rose 23 cents to US$65.17 a barrel while Brent crude added 37 cents to US$69.71 a barrel.
In currencies, the ringgit rose marginally higher against the US dollar to 3.8620. It also rose 0.14% against the pound sterling at 5.4226 and 0.12% against the Singapore dollar at 2.9465.
