Banks continue downtrend, oil prices firm up on expected supply cuts


KUALA LUMPUR: The FBM KLCI wrapped up the morning session slightly lower as most bank stocks extended their losses for the week following Bank Negara's signal on Wednesday that there is room for a further interest rate cut.

This comes amid the ongoing Covid-19 coronavirus outbreak that is threatening to derail economic growth in China and other global markets.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

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

Chemical recycling to reduce plastic waste
UK firms told to ‘urgently review’ green claims
Funds raised by Singapore’s tech startups up 59% in 2023
Scrap processing makes many villagers richer
Enphase sees soft solar market rebounding despite weak sales
Businesses concerned about rising forex woes
Helping more city-state F&B businesses to expand overseas
LME takes aim at traders’ Russian metal games with new rules
Chinese knockoff raid jolts a throng of fake-fashion influencers
Retail centres to pay more attention to green standards

Others Also Read