Closing price RM4.02, drop 92c, almost 18.6%.
UPDATES:
By 3.06pm, Proton stock drop more than 92c and at one point drop to 96c.
Quote from NST:"....the government decided to end the negotiations after studying recent positive developments in the car company."...
Consumer confidence in Proton cars has also improved, following stricter quality control. A poll showed that Proton's Consumer Satisfaction Index had risen to 713 points from 677 points last year.
Government said consumer confidence improved, but seem like the stock of PROTON not reflect that. Investors are "throwing" the shares. Refer the Figure. Should PROTON partner with foreign carmaker? I think in long term, Yes.
More news at The Star.
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