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Thursday, February 12, 2015

Why Index Was Down Yesterday (11 Feb 2015) !!!

The index was likely dragged down by the plunged in Tenaga share price as TNB is one of its component stocks. TNB stock price were dogged (11 Feb 2015) by negative sentiment on concerns that its earnings would be affected by the lower electricity tariff.

Other sources have confirmed that a letter to that effect has been sent to 1MDB, which has been negotiating a loan with tycoon T. Ananda Krishnan to repay the debt. It is not known if the bllionaire has agreed to provide the loan. EOD is an action or circumstance that causes a lender to demand full repayment of an outstanding balance sooner than it was originally due.

At the global markets, investor worries over the outcome of euro zone ministerial meetings about Greece's debt crisis, while oil prices dropped for a second day on more signs of oversupply.

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