Bearing the brunt

Malayan Banking Bhd (Maybank) closed one sen lower at RM8.29, Public Bank Bhd declined six sen to RM4 and CIMB Group Holdings Bhd dropped six sen to RM4.78 at yesterday’s stock market close. Hong Leong Bank Bhd lost 34 sen to RM18.46, RHB Bank Bhd declined 12 sen to RM5.35 and AMMB Holdings Bhd (AmBank) dropped 12 sen to RM3.13.

PETALING JAYA: Banking stocks reacted across the board on Bursa Malaysia, after the government said it would have high-level discussions to compel lenders to waive interest fees on deferred loans.

Prime Minister Datuk Seri Ismail Sabri Yaakob, to a question in Parliament, said the government is aware of the situation and it is in discussions with the Finance Ministry.