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Malaysian stocks slide in line with regional losses

Malaysian stocks slide in line with regional losses

Malaysian shares fell Tuesday on widespread selling, dragged down by regional losses.
The Kuala Lumpur Composite Index of 100 blue chips lost 1 percent to 1,346.10 points. Decliners thumped gainers 819 to 156.
Hedge fund liquidation caused heavy losses in regional markets and eroded investor confidence, dealers said.
Among losers, casino operator Genting shed 3.1 percent to 7.75 ringgit; power firm Tenaga was down 3.4 percent to 11.50; and top bank Maybank dropped 1.6 percent to 12.40.
But select plantation stocks and a handful of small-caps and penny-stocks posted gains. Equine gained 4.6 percent to 1.60 ringgit, Guthrie rose 1.5 percent to 6.65 and GHope added 0.6 percent to 8.40.


Updated : 2021-10-25 11:36 GMT+08:00