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Banking counters bear brunt of local bourse's decline.
GROWING concerns over rising non-performing loans (NPLs) and prospects of a weaker market caused a selldown on banking stocks and dragged the Kuala Lumpur Stock Exchange Composite Index (KLCI) 4.59 points or 0.77 per cent lower to end at 595.22 yesterday.
The Finance Index fell 44.78 points or 1.02 per cent to 4343.30 while the broader Emas Index eased 1.07 points to close at 142.03.
Commerce Asset-Holding Bhd (CAHB) was the top loser among banking stocks with its shares falling 25 sen to RM5.90, followed by Public Finance Bhd dropping 20 sen to RM3.02 and AMMB Holdings Bhd declining 12 sen to RM2.96.
Over the last six months, CAHB and Public Finance …
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Magazine article from: Business Times (Malaysia)
August 29, 2000
700+ words
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News wire article from: Asia Africa Intelligence Wire
November 12, 2002
700+ words
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News wire article from: Asia Africa Intelligence Wire
November 9, 2002
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- Construction stocks may be good choice.
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Magazine article from: Business Times (Malaysia)
September 28, 2001
700+ words
