EPF deputy chief executive officer of investment Mohamad Nasir Ab Latif told NST Business that it had bought about 50 million shares, or equivalent to less than one per cent stake of MUFG’s 4.6 per cent stake in CIMB. Today, CIMB shares rebounded after six days of consecutive losses. Prior to this stake sale announcement by MUFG, CIMB’s shares closed at RM6.46. Inter-Pacific Research head of research Pong Teng Siew said CIMB’s shares were initially dragged down by the MUFG stake disposal. He added that CIMB shares can climb higher, as the loan growth in Malaysia has been picking up.

Source: New Strait Times September 21, 2017 12:00 UTC