Which heavyweight banks weighed down the FBM KLCI most?

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Heavyweight Banks Dragged Down FBM KLCI Most

CIMB and Maybank exerted the most downward pressure on the FTSE Bursa Malaysia KLCI (FBM KLCI) during early trade. CIMB experienced a decline of eight sen, reaching RM5.25, while Maybank saw a drop of four sen, settling at RM8.28.
CIMB's Significant Impact

CIMB's share price fell by eight sen to RM5.25, contributing notably to the benchmark index's decline. This movement occurred within the broader context of a mixed opening for Bursa Malaysia.
Maybank's Contribution to the Downturn

Maybank also played a role in the FBM KLCI's slight decrease, shedding four sen from its share price to trade at RM8.28. This decline occurred alongside broader market movements where gainers marginally outpaced losers.
RHB Bank's Minor Decline

RHB Bank also registered a decrease, falling four sen to RM5.72. While this also contributed to the financial services sector's contraction, the impact was less pronounced than that of CIMB and Maybank.
Broader Market Context

The FBM KLCI opened slightly lower, declining 2.14 points to 1,528.19 from its previous close. This occurred despite a mixed performance in the broader market, where 218 gainers outnumbered 187 losers. The financial services sector, in particular, saw a contraction in its index.

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Which heavyweight banks weighed down the FBM KLCI most?

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