KUALA LUMPUR (Sept 24): Malayan Banking Bhd (Maybank), Malaysia's most valuable listed company, saw its market capitalisation slip below RM80 billion today after its share price fell as much as six sen or 0.84% to RM7.11.

At RM7.11, Maybank has a market capitalisation of about RM79.92 billion based on the bank's 11.24 billion issued shares.

Maybank shares pared losses at 12:06pm when the stock was traded at RM7.14 with some three million units traded.

At a glance, Maybank's share price had fallen with the broader global stock market today.

Globally, Reuters reported that Asian shares fell on Thursday following a slump on Wall Street overnight, as a series of warnings from US Federal Reserve officials underscored investor worries over the resilience of the economic recovery.

It was reported that US Federal Reserve Vice Chair Richard Clarida said on Wednesday that the US economy remains in a "deep hole" of joblessness and weak demand, and called for more fiscal stimulus, noting that policymakers "are not even going to begin thinking" about raising interest rates until inflation hits 2%.