Malaysia’s trade numbers remain positive

SHARES of telecommunication companies (telcos) continued their slide for the third day, losing about RM3.7 billion in combined market value yesterday alone.

This was after analysts flagged a dimmer outlook for the telecommunications sector due to heightened regulatory pressure and stiffer competition.

Consumers, on the other hand, were set to benefit from further declines in mobile and fixed line network prices, said analysts.

Axiata Group Bhd led the decline on FTSE Bursa Malaysia KLCI (FBM KLCI) yesterday, dropping more than 4.4 per cent.

Telekom Malaysia Bhd (TM)

BLOOMBERG PIC Analysts have flagged a dim outlook for the local telecommunication sector due to heightened regulatory pressure and stiffer competition.