Wednesday 4 April 2012

Malaysia Smelting shares down on Indonesian export tax updates

KUALA LUMPUR (April 4) : Malaysia Smelting Corp Bhd (MSC) shares fell as much 0.7% in morning trade following updates that Indonesian policymakers may implement a 25% export tax on coal and base metals this year.

According to news reports quoting a government official, the export tax may be further raised to 50% next year.

MSC shares fell three sen to an intraday low of RM4.07 at 10.45am.



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