Outflow continues, KLCI under pressure
KUALA LUMPUR: The volatile trading throughout the week — driven by the United States (US)-China trade war, declining global banks’ performance, as well as the steady increase in Covid-19 cases globally — has led to the 25th consecutive week of net foreign selling in the local equity market. On a Thursday-to-Thursday comparison, the net outflow […]
PNB declares 5.5 sen income distribution for ASB
KUALA LUMPUR: Permodalan Nasional Bhd (PNB) has announced an income distribution of 5.00 sen a unit and a bonus of 0.50 sen for Amanah Saham Bumiputera (ASB) for 2019, despite a 7.2 per cent contraction in Bursa Malaysia’s FBM KLCI year-to-date. Chairman Tan Sri Zeti Akhtar Aziz said this will involve a total pay-out of RM9 […]
