BIMB’s share price fell 12 sen, extending its losses for the fourth day in a row, to close at RM4.29.

PETALING JAYA: Shares in BIMB Holdings Bhd declined, leading losses among banking stocks on fresh worries about financial firms’ exposure to troubled oil and gas (O&G) companies with debt problems.

A market observer said the recent missed payments by Perisai Petroleum Teknologi Bhd and Alam Maritim Resources Bhd may have sparked fears that Practice Note 17 company TH Heavy Engineering Bhd (THHE) could soon follow suit.

“There is market fear that THHE, which has debt in excess of RM300mil, may be next to be unable to meet its debt obligation,” a dealer said.

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