YTL Power International Bhd, a Malaysian power producer, fell to a one-week low in Kuala Lumpur trading after the country’s biggest pension fund continued to sell down its stake.
The stock dropped 1.1 percent to RM1.78 at 9:25 a.m. local time, set for its lowest close since Dec. 19.
YTL said in in exchange filing yesterday that the Employees Provident Fund disposed of 1.4 million shares on Dec. 22, bringing its total net sales disclosed this month to about 13 million shares. -- Bloomberg
The stock dropped 1.1 percent to RM1.78 at 9:25 a.m. local time, set for its lowest close since Dec. 19.
YTL said in in exchange filing yesterday that the Employees Provident Fund disposed of 1.4 million shares on Dec. 22, bringing its total net sales disclosed this month to about 13 million shares. -- Bloomberg
