🔴 MBSB is trading 5% down amid FBM KLCI's 0.93% midday fall

MBSB is trading at MYR 0.54, down 5.31%, amid broad Bursa Malaysia selling; available reporting identifies no specific catalyst for the decline.

• The FBM KLCI fell 0.93% at midday on October 1, amid subdued risk appetite and rising US Treasury yields.
• MBSB said it could begin merger negotiations with Bank Muamalat’s shareholders after receiving Bank Negara Malaysia’s no-objection in principle; no source links the announcement to the share decline.