Banks, financial stocks sell-off drags Bursa Malaysia lower | Malay Mail

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Banks, financial stocks sell-off drags Bursa Malaysia lower

File picture shows an investor monitoring stock prices in the gallery of the RHB Investment Bank Bhd headquarters, July 16, 2018. — Bernama pic

The composite index, which mostly stayed in the red, moved between 1,626.32 and 1,642.73 throughout the day. He also said the weak performance was also partly due to the subdued optimism over a US-China trade war resolution, killing hopes for global growth recovery. Turnover rose to 2.75 billion units worth RM2.75 billion from Monday’s close of 2.64 billion units worth RM1.72 billion.

Public Bank fell 30 sen to RM21.90 with 7.75 million shares changing hands amid the sentiment surrounding the lawsuit filed by the National Feedlot Corporation over the leak of the company’s bank account details.Meanwhile, Tenaga rose 20 sen to RM13.82 with 14.63 million shares transacted, with the utility company planning for an internal reorganisation.

Main Market volume decreased slightly to 1.76 billion shares worth RM2.60 billion versus 1.80 billion shares valued at RM1.56 billion recorded on Monday.

 

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