Tenaga, AmBank drag KLCI into the red

KUALA LUMPUR: Tenaga Nasional and AmBank weighed on the FBM KLCI in late afternoon trade on Thursday, reflecting the cautious market 

At 3.23pm, Tenaga was down 26 sen to RM14.54 in active trade as sentiment was impacted by the discount given for the block of shares traded off market. 

Stock market data showed Tenaga’s 112 million shares were transacted in an off-market deal at RM14.50 each totalling RM1.624bil. The shares could have been sold by Khazanah Nasional.

AmBank fell 30 sen to RM6.27. AMMB Holdings confirmed Ashok Ramamurthy will be stepping down as group managing director in due course and the board has started its process to identify a replacement.

Hong Leong Bank fell 20 sen to RM14.

Among the plantations, KL Kepong gave up most of its gains from Wednesday, falling 32 sen to RM22.68 while PPB Group shed 30 sen to RM14.72. IJM Plantations gave up 20 sen to RM3.48.

Petronas Gas lost 28 sen to RM21.94 and Petronas Chemicals 20 sen lower at RM5.12.

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