PETALING JAYA: Banks led the FBM KLCI lower in Wednesday’s trade after Bank Negara hinted at the possibility of another cut in the interest rate.
Central bank governor Datuk Nor Shamsiah Mohd Yunus had said the central bank has ample room to adjust the overnight policy rate due to economic challenges.
The GDP growth slowed to 3.6% in the fourth quarter of 2019.
On Bursa Malaysia, HONG LEONG BANK BHD
was the biggest decliner, falling 70 sen to RM15.44, while PUBLIC BANK BHD declined 52 sen to RM17.78.
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