CIMB pulls KLCI out of the red at midday


KUALA LUMPUR: CIMB practically single-handedly pulled the FBM KLCI out of the doldrums in morning trading on Tuesday, as news suggesting its mega-merger with RHB Capital and MBSB may be off the table drove the bank’s shares up 59 sen and, in the process, added a massive 8.69 points to the index.

RHB Capital’s shares, too, got a lift, adding 15 sen to RM7.88, while boosting the index by 0.675 points.

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