Losses due to market forces, says SSB


  • Nation
  • Saturday, 21 Aug 2004

KOTA KINABALU: The drop in unit price of the Saham Amanah Sabah is due to share market forces and “no one person” can be blamed for it. 

Stepping into the quarrel between two Sabah Barisan Nasional leaders over who is to be blamed for the RM400 million losses incurred by 55,000 investors, the fund manager of Saham Sabah Berhad (SSB) said if anyone was to be blamed it was the share market itself. 

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 Nation

Copter tragedy: 1,000 congregants at KK naval base attend Yasin recitation, tahlil ceremony
Stop whining, engage and help the people instead, says PM
U Mobile launches store in KK shopping mall, first in East Malaysia
Anwar returns Khazanah allowance, reiterates decision to forgo PM salary
Fahmi visits ex-media practitioners, presents Kasih@Hawana aid
Perlis MB's son, four others released on MACC bail
Zahid, Muhyiddin settle defamation suit
Elderly man drowns while fishing in Putatan
Teen with bone cancer gets wish of visiting KLCC granted by PETRONAS
No chance for a casino in Johor, says MB, describing news report as 'act of sabotage'

Others Also Read