KUALA LUMPUR: Trading volume and value of shares traded on Bursa Malaysia fell after the settlement date for payment of shares bought was reduced to two days (T +2) from three with effect from Monday.
Trading volume was 2.53 billion shares valued at RM1.638bil. The trading value was in contrast with the RM2.068bil last Friday and RM2.539bil on Thursday.
The FBM KLCI closed down 0.98 of a point or 0.06% to 1,637.40. The broader market was weaker with 623 decliners to 256 advancers and 340 counters unchanged.
At Bursa Malaysia, Petronas Chemical fell 10 sen to RM9 and erased 1.39 points from the KLCI, Dialog lost four sen to RM3.22, Petronas Dagangan added two sen to RM18.80 and Petronas Gas gained eight sen to RM17.60.
Oil prices fell on Monday, extending a slump from Friday that ended weeks of rallying, after President Donald Trump demanded that Opec raise output to soften the impact of US sanctions against Iran, Reuters reported. Brent crude futures fell 56 cents to US$71.59 per barrel and US West Texas Intermediate (WTI) crude futures gave up 37 cents to US$62.93.
Among the telcos, Maxis and Digi fell six sen each to RM5.38 and RM4.49 and Axiata shed one sen to RM3.98.
Public Bank shed eight sen to RM22.56 despite reporting a firmer set of earnings in the first quarter ended March 31, 2019.
RHB Bank shed one sen to RM5.90, Maybank was unchanged to RM9.14, CIMB eked out one sen gain to RM5.20, AmBank gained six sen to RM4.50 and Hong Leong Bank advanced 12 sen to RM20.08.
Tenaga rose six sen to RM12.20 and nudged the KLCI up by 0.59 of a point. Genting added five sen RM7.05 and GentingM edged up one sen to RM3.23. Sime Darby gained two sen to RM2.36.
Crude palm oil for third month delivery fell RM4 to RM2,114 per tonne. Sime Plantation added three sen to RM5.15, PPB Group two sen to RM18.80 while KL Kepong and IOI Corp shed two sen to RM24.78 and RM4.48.
Among the brewers, Heineken rose 40 sen to RM24.48, Carlsberg added 16 sen to RM24.50,
Lotte Chemical Titan fell 32 sen to RM3.67 after posting a weaker set of results.
Yee Lee hit limit-up, closing 39 sen higher at RM2.33 after its major shareholders offered to take it private at RM2.39 a share.
Ekovest fell five sen to 89.5 sen, its warrants five sen lower at 40 sen and Iskandar Waterfront City lost 11 sen to RM1.05 in active trade.
Seacera, which was classified as a Practice Note 17 company, fell seven sen to 24.5 sen.
Reuters reported global shares rose, aided by data showing profits at Chinese industrial firms grew for the first time in four months and a strong reading of U.S. first quarter growth data last week.
The MSCI All-Country World Index of shares, which tracks stocks in 47 countries, was up 0.06 percent after the start of European trading. Most major European stock markets traded firmer, with the pan-European STOXX 600 index up 0.1%.
Hong Kong's Hang Seng Index rose 0.97%, Shanghai Composite Index fell 0.77% while Singapore's STI rose 1.44%.
The ringgit weakened against the key currencies, falling 0.05% against the US dollar to 4.1337, lost 0.27% against the pound sterling to 5.3494, euro gave up 0.19% to 4.6138 and it weakened 0.12% to the Singapore dollar to 3.0368.