AccessMyLibrary provides FREE access to millions of articles from top publications available through your library.
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 …