Maybank, Public Bank drag KLCI into the red

KUALA LUMPUR: Losses in Maybank and Public Bank dragged the FBM KLCI into the red on Tuesday, extending the decline from last week as investors were disappointed with the lack of dividends and they also expected more headwinds.

At 5pm, the KLCI was down 3.78 points or 0.25% to 1,521.43, extending the losses from last Friday and it is at a two-month low. Turnover was 10.38 billion shares valued at RM5.59bil. The broader market was weaker with 612 losers to 542 gainers and 391 counters unchanged.