CIMB

Blue chips slid on a late sell-off Thursday, led by falls on BAT (-92sen), PPB Group (-26sen) and KL Kepong (-18sen) as foreign selling picked up with attention shifting to a potential US interest rate hike by September. The KLCI slid 7.09 points to close at the day’s low of 1,722.44, off an early high of 1,731.18, but gainers led losers 491 to 317 on moderate trade totaling 1.76bn shares worth RM1.68bn.

CIMB Group Holdings Bhd expects the second half of 2015 to be challenging due to the difficult macroeconomic conditions in Thailand and Indonesia. Chief executive Tengku Datuk Zafrul Tengku Abdul Aziz said its banking business in Malaysia will remain flat this year, while the environment in Indonesia and Thailand will remain tough due to slower macroeconomic growth in Southeast Asia. (The Edge)

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