Banks lead KLCI lower as weaker-than-forecast GDP results weigh


KUALA LUMPUR: Bursa Malaysia extended its fall in the final minutes of the early session as the central bank announced lower-than-expected gross domestic product growth.

Bank stocks stumbled on the news of 3.6% GDP growth in the final quarter of 2019 with Public Bank falling 40 sen to RM12.60 and Hong Leong Bank dropping 46 sen to RM15.68.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Business News

Axiata and Sinar Mas seek merger
Auditor casts doubt over Pharmaniaga
PBB remains proactive in sustainable financing
Dufu Tech confident worst is over
SC: Planners should give sound financial advice
Cocoa-free chocolate maker raises US$52mil
Chip sector to shine bright in 2H
Penang unveils initiatives for three sectors
VSTEC becomes first AWS distributor in the country
Go Hub gets nod to list on ACE Market

Others Also Read