An investor monitors the stock prices in the gallery of the RHB Investment Bank Bhd headquarters in Kuala Lumpur March 17, 2020. ― Picture by Hari Anggara
The FBM KLCI opened 9.86 points firmer from Tuesday’s close of 1,531.28 and moved between 1,508.01 and 1,541.14. Bank Muamalat’s economist Izuan Ahmad said profit-taking was probably triggered after Top Glove announced a better-than-expected showing in its financial results. “Major local banks such as Maybank, Public Bank and CIMB recorded lower net profit by 51.5 per cent, 24.8 per cent and 82.0 per cent, respectively,” he told Bernama.
Maybank dropped 13 sen to RM7.37, Public Bank declined 20 sen to RM16.50, PChem was nine sen weaker at RM5.60 and MISC went down 15 sen to RM7.58.
Source: News Formal (newsformal.com)
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