Malaysia markets: HL Bank, HLFG down, weigh in KLCI

Shares of Hong Leong Bank and Hong Leong Financial Group slipped in mid-morning on Monday, Sept 12 in line with the weaker markets and expectations of lower economic growth.

At 10.31am, HL Bank was down 40 sen to RM11.80 with 43,100 shares done while HLFG slipped 30 sen to RM11.22. The slide in the shares also was due to expectations of lower earnings ahead.

The FBM KLCI tumbled 19.12 points to 1,450. Turnover was 156.81 million shares valued at RM160.19 million. The broader market was weak with 362 losers to 59 gainers while 121 stocks unchanged.(theedgemalaysia.com)