Maybank eased 4 sen to RM8.70 and Public Bank slid 2 sen to RM3.86. Both stocks dragged the composite index down by a combined 1.44 points.
Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said the general decline of local equities reflected regional bourses’ overall negative performance.
“The key regional markets trended lower as investors maintained a cautious stance regarding the global economy and the outlook for interest rates following aggressive monetary tightening by major central banks last week,” he told Bernama.
Regionally, Japan’s Nikkei 225 slipped 0.25% to 32,698.81, Hong Kong’s Hang Seng Index fell 0.51% to 18,794.13, and SSE Composite Index slid 1.48% to 3,150.62.
On the domestic front, Thong believes market sentiment would remain cautious due to a lack of buying interest amid heightened market risks and global volatility.
“Hence, we expect the benchmark index to remain in range-bound mode within the 1,385-1,400 range for the week,” he added.
At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 1.01 points or 0.07% to 1,389.88 from 1,390.89 at Friday’s close.
The key index opened 0.66 of-a-point better at 1,391.55 this morning and moved between 1,388.41 and 1,394.30 throughout the session.
The broader market was also negative as decliners outpaced gainers 476 to 292, while 465 counters were unchanged, 1,084 untraded and 40 others suspended.
Turnover declined to 2.56 billion units worth RM1.41 billion versus 4.90 billion units worth RM1.63 billion on Friday.
On the local bourse, heavyweights Sime Darby Plantation went down 5 sen to RM4.25, while Axiata and Press Metal Aluminium lost 3 sen each to RM2.62 and RM4.71 respectively.
However, CelcomDigi ticked up 5 sen to RM4.30 and Petronas Dagangan rose 40 sen to RM21.80.
Of the actives, Sarawak Consolidated gained 1 sen to 43.5 sen, Bahvest Resources perked up 2 sen to 18.5 sen, Classita fell 0.5 sen to nine sen, while Borneo Oil and EA Holdings were flat at 1.5 sen and 0.5 sen respectively.
On the index board, the FBM Emas Index dipped 22.48 points to 10,209.70, the FBMT 100 Index trimmed 19.48 points to 9,914.24 and the FBM ACE Index was 12.57 points lower to 5,030.30.
The FBM Emas Shariah Index slid 16.48 points to 10,499.27 and the FBM 70 Index erased 78.19 points to 13,378.00.
Sector-wise, the financial services index shed 23.3 points to 15,421.55, the energy index edged down by 3.97 points to 781.11, the industrial products and services index eased 0.31 of-a-point to 158.56, while the plantation index inched up 0.37 of-a-point to 6,718.81.
The Main Market volume expanded to 1.72 billion units valued at RM1.16 billion from 1.64 billion units valued at RM1.33 billion on Friday.
Warrants turnover dwindled to 219.46 million units worth RM31.36 million against 345.94 million units worth RM39.24 million previously.
The ACE Market volume tumbled to 624.68 million shares valued at RM216.62 million from 2.92 billion shares valued at RM259.96 million last Friday.
Consumer products and services counters accounted for 368.54 million shares traded on the Main Market, industrial products and services (625.68 million); construction (57.92 million); technology (113.47 million); SPAC (nil); financial services (54.80 million); property (175.62 million); plantation (30.42 million); REITs (6.53 million), closed/fund (34,000); energy (141.34 million); healthcare (60.44 million); telecommunications and media (28.76 million); transportation and logistics (14.17 million); and utilities (40.36 million).
Meanwhile, Teladan Setia Group Bhd has changed its stock name to Teladan Group Bhd while Teladan Setia Group Bhd – Warrants 2021/2026 has changed to Teladan Group Bhd – Warrants 2021/2026.
“As such, the company’s securities will be traded and quoted under the new name effective 9am, June 28, 2023.
“However, the stock numbers remain unchanged,” it said in a filing with Bursa.