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GLC stocks take heat on possible political realignment in morning trading

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Consumer products also record huge losses as composite index drops by 15 points at 11am. FMTNews Bursa

Speculation on moves for a new ruling coalition took a toll on stocks at Bursa Malaysia this morning.

As at 11am, Maybank led the loss, declining 15 sen to RM8.26, while Tenaga Nasional slid 20 sen to RM12.58, and CIMB was down 11 sen to RM4.89. Consumer products recorded the biggest loss, with Dutchlady declining RM1.06 to RM44.72, Heineken dropping RM2.22 to RM28.82, and Carlsberg erasing RM3.04 to RM35.90.

On the index board, the FBM Emas Index slipped 234.29 points to 10,731.32, the FBMT 100 Index declined 222.16 points to 10,524.95 and FBM Ace shed 74.57 points to 5,672.35.

 

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