KUALA LUMPUR: Maybank's record first quarter net profit was unable to shore up the bearish market sentiment on Monday as selling pressure saw it erasing more than five points from the FBM KLCI. Maybank, Asean's fourth largest bank by assets, reported its net profit rose by 9.9% to RM1.87bil from the RM1.70bil a year ago. IHH Healthcare fell 27 sen to RM5.99 and erased four points while Tenaga lost 16 sen to RM14,78 and erased 2.6 points. As for telcos, Axiata fell 16 sen to RM4.36, Telekom 15 sen lower at RM3.86, Digi seven sen to RM4.44 but Maxis rose four sen to RM5.78. Sapura Energy fell seven sen to 62.5 sen with 172.18 million shares done.

Source: The Star May 28, 2018 09:41 UTC