The benchmark FBM KLCI fell 8.54 points or 0.54% to 1,568.58. The index opened 1.43 points higher at 1,578.55 this morning.
The overall market breadth remained positive with gainers leading losers 645 to 504, while 376 counters were unchanged. Turnover stood at 9.95 billion shares worth RM5.76bil. Dealers said the pullback was due to a lack of domestic catalysts. In addition, investors were cautious on corporate earnings to be announced this week.
Banking counters Public Bank, Maybank, CIMB, Hong Leong Bank and RHB all recorded losses for the day. Public Bank tumbled 32 sen to RM16.98, Maybank declined seven sen to RM7.48, CIMB shed three sen to RM3.40, Hong Leong Bank fell 10 sen to 14.50 and RHB bank slipped two sen to RM4.78.
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