Tuesday, 1 November 2011

CIMB leads bank stocks lower

CIMB Group Holdings Bhd fell the most in two weeks, leading a decline by Malaysian banks after ECM Libra Capital Sdn Bhd said loan growth may peak soon.

CIMB slid 1.6 percent to RM7.45 at 9:13 a.m. local time in Kuala Lumpur, set for its steepest drop since Oct. 18.

RHB Capital Bhd lost 0.8 percent to RM7.64 and Affin Holdings Bhd fell 1.7 percent to RM2.90. -- Bloomberg
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