MNRB slides after floods push reinsurer into the red

KUALA LUMPUR: MNRB Holdings Bhd share price fell to a low of RM3.70 early Wednesday after it swung into the red with net losses of RM20.08mil in the third quarter ended Dec 31, 2014 due to provisions for the floods in Peninsular Malaysia last year.

At 10.11am, MNRB was down 13 sen to RM3.77. There were 37,600 shares done at prices ranging from RM3.70 to RM3.78.