Blue chips fell at midday on Tuesday, weighed down by CIMB, Maybank and Axiata while the ringgit lost ground against the major currencies after the mostly weaker coprorate results in the first quarter.
US index provider MSCI lowered its weightage for Malaysian equities to 3.09% from 3.43% with effect from June 1 and those affected include Maybank and CIMB but it raised its weightage for Public Bank.
At 12.30pm, the KLCI was down 3.56 points or 0.22% to 1,626.31. Turnover was 887.22 million shares valued at RM915.02mil. The broader market weakened as decliners led advancers 396 to 251 while 330 counters were unchanged.
Key Asian markets were mostly higher except Taiwan.
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US index provider MSCI lowered its weightage for Malaysian equities to 3.09% from 3.43% with effect from June 1 and those affected include Maybank and CIMB but it raised its weightage for Public Bank.
At 12.30pm, the KLCI was down 3.56 points or 0.22% to 1,626.31. Turnover was 887.22 million shares valued at RM915.02mil. The broader market weakened as decliners led advancers 396 to 251 while 330 counters were unchanged.
Key Asian markets were mostly higher except Taiwan.
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