Mohd Ibrahimnuddin:
IT is almost the talk of the stock market. Puzzled investors are wondering why the share price of Petronas Dagangan Bhd
(PetDag) has been heading south since April to a two-year low at RM18.96 on yesterday’s close.
It was among the worst performers on the local bourse, plunging close to 40% from its peak of RM31.82 on Dec 30. At its closing price of RM18.96 yesterday, the stock is down 38.8% year to date, with a market capitalisation of RM18.836bil.
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