Banking stocks fall as political overtures rattle market

TheEdge Mon, Feb 24, 2020 11:33am - 4 years View Original


KUALA LUMPUR (Feb 24): Index-linked banking stocks on Bursa Malaysia fell across the board this morning following the political uncertainties arising from events during the weekend.

At 10.50am, Public Bank Bhd lost 3.3% or 58 sen to RM17.56, RHB Bank Bhd fell 2.63% or 15 sen to RM5.56, CIMB Group Holdings Bhd was down 2.4% or 12 sen to RM4.88, Malayan Banking Bhd fell 1.66% or 14 sen to RM8.27, while AMMB Holdings Bhd was down 1.05% or 4 sen to RM3.77.

The Edge Financial Daily today reported that the nation’s political landscape could see a major tectonic shift in power in the coming days with a new coalition taking shape which sees the end of Pakatan Harapan.

The content is a snapshot from Publisher. Refer to the original content for accurate info. Contact us for any changes.






Related Stocks

AMBANK 4.170
BURSA 7.460
CIMB 6.550
MAYBANK 9.650
PBBANK 4.210
RHBBANK 5.640

Comments

Login to comment.