KUALA LUMPUR, Feb 24 — The local bourse continued to come under pressure due to uncertainties over the country’s political landscape, dragging the benchmark index to its lowest level since December 2011. At lunch break, the FTSE Bursa Malaysia KLCI (FBM KLCI) declined 2.54 per cent or 38.94...
The benchmark FBM KLCI is expected to continue its downtrend and test the 1,480 level if political uncertainties remain by the end of the day. — Picture by Razak Ghazali
Since morning, shares belonging to government-linked companies took the strongest hit with utility giant, Tenaga Nasional led the decliners by losing 42 sen to RM12.36, while Maybank lost 20 sen to RM8.21 and CIMB Group decreased 18 sen to RM4.82. “Various quarters are holding meetings at various places. However, it is still unclear on what the outcome would be at the end of the day.
As for the actives, MyEG continued its downtrend, losing 13 sen to RM1.17, while Alam Maritim declined one sen to 13 sen and Bumi Armada weakened 2.5 sen to 37.5 sen.
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