Selling of Petronas Dagangan overdone on managed float system


KUALA LUMPUR: Petronas Dagangan was the top loser on Monday, falling to a low of RM16.54 as investors sold the stock on unwarranted worries about the negative impact from the government’s decision to put RON95 petrol and diesel on a managed float system.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Ringgit has been unfortunate, unfairly assessed vs US dollar -BNM
Wall St set for muted open as weak earnings offset jobless claims relief
Creador’s Brahmal emerges as substantial shareholder of MCE Holdings
US weekly jobless claims increase more than expected
AmBank launches revamped AmOnline mobile banking
Pentamaster to prioritise sustainability
Kerjaya Prospek Property to jointly develop Batu Kawan land for proposed mixed development
Ringgit almost unchanged against greenback at the close
Malaysia to retain lead in Asia-Pacific Islamic banking market - S&P Global
Supermax buys remaining 33% stake in SHCI for RM18.96mil

Others Also Read