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GLC stocks take heat on possible political realignment at mid-morning | Malay Mail

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KUALA LUMPUR, Feb 24 ― As news on the current political landscape became the talk of the town, shares of government-linked companies (GLCs) have declined sharply since the market opened this morning. As at 11.01am, Maybank led the loss, declining 15 sen to RM8.26, while Tenaga Nasional slid 20...

Monday, 24 Feb 2020 11:50 AM MYT

KUALA LUMPUR, Feb 24 ― As news on the current political landscape became the talk of the town, shares of government-linked companies have declined sharply since the market opened this morning. Petronas-linked stocks such as Petronas Chemicals shed 11 sen to RM6.34 and Petronas Dagangan weakened 16 sen to RM21.84, while MISC lost 28 sen to RM7.41 and telecommunication stock Axiata erased 10 sen to RM4.15.The decline in these stocks had collectively dragged the composite index down by 15 points, with total traded volume recorded at 32.43 million.

As for the actives, MyEG continued its downtrend, losing half-a-sen to RM1.25, while Alam Maritim and Mtouche technology both inched down one sen to 13 sen and 16.5 sen, respectively.

 

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