BURSA Malaysia continued to be dragged down by political uncertainty, with the Kuala Lumpur Composite Index down by 2.55% or 39.07 points at the mid-day closing.

At the close, all top 10 most active stocks were in the red with MYEG down 11 sen to RM1.19 while Armada was down 3 sen to RM.037.

The top losers were Carlsberg, which was down RM4.40 to RM34.54, and Heineken Malaysia, which lost RM2.94 to close at RM28.10. 

Dutch Lady also lost RM1.22 to close at RM44.56.

Among the locally-owned counters, KL Kepong lost RM1 to close at RM22.20. 

Among the losers with the highest trading today was Public Bank, which fell RM0.66 to RM17.48 with 4,662,900 shares traded.

Among the gainers, Top Glove climbed to RM5.46 (+RM0.17) on a volume of 13,649,800 shares traded.

The nation held its breath yesterday on speculation that Bersatu and PKR deputy president Mohamed Azmin Ali were ready to leave Pakatan Harapan to form a new government.

Besides Bersatu, Umno and Gabungan Parti Sarawak also held meetings in the capital.

Later yesterday night, more than 120 MPs from opposition parties joined Bersatu’s Muhyiddin Yassin and Azmin in a dinner at the Sheraton Hotel.

The politicians, however, did not issue any statements to explain what the dinner was for. – February 24, 2020.