In a related development, the Employees Provident Fund (EPF) sold 25 million shares of its holdings in Petronas Chemicals on Nov 3.
PETALING JAYA: Petronas Chemicals Group Bhd
’s (PetChem) recent selldown over the past week was mainly due to weakness in petrochemical prices in the fourth quarter of 2018, in line with the bearish Brent crude oil price.
Since Jan 7, PetChem’s share price has dipped 7.5% to RM8.27 as at yesterday’s close.
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