FGV down on stock downgrade


PETALING JAYA: Felda Global Ventures Holdings Bhd’s (FGV) share price dropped by almost 13% after analysts downgraded the stock following the group’s disappointing quarter.

The stock closed 38 sen lower at RM2.56 yesterday, the steepest fall in the last 18 months. The counter saw 14.56 million shares being traded.

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