PETALING JAYA: The bombshell dropped by Umno chief Datuk Seri Ahmad Zahid Hamidi that the party will not be formally joining the ruling Perikatan Nasional pact has rocked the stock market.
The news, which came following the move by the Sabah chief minister frantically dissolving the state assembly for fear of losing majority support, sent Bursa Malaysia’s barometer index FBM KLCI below the psychological level of 1,600 points by mid-evening.
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