KLCI remains in the red as banking heavyweights drag


KUALA LUMPUR: The FBM KLCI closed off lows after the prime minister announced another assistance package worth RM15bil to ease the pressure following the pandemic.

Banks, however, put up a lacklustre display due to expectations of another cut in the overnight policy rate (OPR) by 25 basis points to 1.50% at Bank Negara's monetary policy committee (MPC) meeting on Wednesday.

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