Taib-linked stocks dip on his passing

Analysts believe that his demise has brought about an “understandable knee-jerk reaction” from investors.

PETALING JAYA: A number of companies linked to former Sarawak chief minister Tun Abdul Taib Mahmud saw their share prices slide following his passing early yesterday morning, although a few managed to buck the trend.

Taib and his associates owned significant portions of several entities on Bursa Malaysia and analysts believe his demise has brought about an “understandable knee-jerk reaction” from investors, albeit a short-term one.