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: Maybank's record first quarter net profit was unable to shore up the bearish market sentiment on Monday as selling pressure saw it erasing more than five points from the FBM KLCI.
At 5pm, the KLCI was down 21.56 points or 1.2% to 1,775.84. It was the worst performer in the region, extending its delcine for 16 consecutive days on foreign selling.
Turnover was 2.19 billion shares valued at RM2.28bil. Decliners beat advancers nearly two to one or 600 losers and 360 gainers and 355 counters were unchanged.
Maybank, Asean's fourth largest bank by assets, reported its net profit rose by 9.9% to RM1.87bil from the RM1.70bil a year ago. Profit before tax (PBT) rose by 13.7% to RM2.56bil from RM2.25bil.
Maybank fell 26 sen to RM10 and wiped out 5.10 points, CIMB and Hong Leong Bank fell six sen each to RM6.06 and RM18.94, Public Bank shed two sen to RM24.90 but RHB Bank rose three sen to RM5.38 and AmBank seven sen higher at RM3.65.
IHH Healthcare fell 27 sen to RM5.99 and erased four points while Tenaga lost 16 sen to RM14,78 and erased 2.6 points.
As for telcos, Axiata fell 16 sen to RM4.36, Telekom 15 sen lower at RM3.86, Digi seven sen to RM4.44 but Maxis rose four sen to RM5.78.
Oil prices fell on Monday, extending even steeper declines from Friday, as Saudi Arabia and Russia said they may increase supplies and as U.S. production gains show no signs of abating, reported Reuters.
Brent crude futures were at US$75.70 per barrel at 0655 GMT, down 74 cents, or 1%, from their last close.
US West Texas Intermediate (WTI) crude futures were at US$66.78 a barrel, down $1.1, or 1.6%.
Petronas Dagangan fell 40 sen to RM24.82, Petronas Gas 22 sen lower at RM17.80 and Petronas Chemical shed one sen to RM8.31. Refiner Hengyuan lost 30 sen to RM6.76.
Genting Bhd
's 18 sen gain to RM8.88 nudged the KLCI up 1.24. Genting Malaysia lost five sen to RM5.17.
Among the cement players, Tasek fell 42 sen to RM7.50 with 7,000 shares done. However, CMSB gained 17 sen to RM2.33 and Lafarge inched up one sen to RM3.30.
Sapura Energy fell seven sen to 62.5 sen with 172.18 million shares done.
MyEG shed 0.5 sen to 76 sen with 125 million units traded.
Crude palm oil for third month delivery fell RM38 to RM2,417 per tonne. IOI Corp fell four sen to RM4.71, PPB Group was flat at RM20 and KL Kepong gained four sen to RM25.06.
Sime Darby fell 21 sen to RM2.55 and the loss wiped out 2.56 points, Sime Plantation shed one sen to RM5.49 and Sime Property lost three sen to RM1.36.
The ringgit fell against the US dollar but rose against the other currencies. It shed 0.01% to the greenback at 3.9815. However, it rose 0.37% to the pound sterling at 5.3046, climbed 0.35% to the euro to 4.6519 and was up 0.11% to the Singapore dollar at 2.9714.
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