Petronas units shares down on Eurozone crisis and declining oil prices


  • Business Premium
  • Wednesday, 21 Sep 2011

PETALING JAYA: Some Petroliam Nasional Bhd (Petronas)-linked stocks took a beating, as uncertainties over the eurozone crisis and declining oil prices prompted jittery investors to take profit and unwind some of their positions in markets across Asia.

Petronas Chemicals Bhd (PChem) saw RM2.16bil wiped off from its market capitalisation. The counter ended 27 sen lower at RM5.78, nearing a range it has not seen since early January this year. The stock reached an intra-day low of RM5.74.

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