AmBank falls 4.7%, top loser on Bursa

KUALA LUMPUR: AMMB Holdings Bhd’s (AmBank) shares in early trade following news that Australia’s fourth-biggest bank ANZ Group is selling around 298 million shares or a 9% stake worth up to US$242mil in the bank.

The bank is the top loser on Bursa Malaysia. The counter fell 20 sen, or 4.76% to RM4 with 6.38 million shares traded at 9.16 am. In the past five days, it has fallen about 7.4%.