KLCI closes lower on Maybank, Maxis, PetGas losses

TheStar Mon, Jan 11, 2021 05:43pm - 3 years View Original


At Bursa, Maybank fell 21 sen to RM8.19, CIMB seven sen to RM4.04, Hong Leong Bank 10 sen to RM18.08 and Public Bank six sen to RM20.28 on concerns about a slowdown in the economy.

KUALA LUMPUR: Maybank, Maxis and Petronas Gas weighed on the FBM KLCI on Monday on concerns about the impact of the new stricter measures under the Movement Control Order to be announced at 6pm.

At 5pm, the KLCI was down by 15.94% or 0.98% to 1,617.25. Turnover was 6.62 billion shares valued at RM5.56bil. There were 490 gainers, 650 losers and 481 counters unchanged.

The contraction in the November industrial production index, which fell 2.2% from a year ago, was a negative surprise as a Bloomberg survey of economists projected a 0.2% increase.

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