The stock fell 36 percent to 1.23 ringgit (US$0.38). UEM World Bhd, a state-controlled builder developing Malaysia's biggest property project, plummeted 23 percent.
"We're entering uncharted territory," said Mushtaq Ibrahim, who manages about US$1.4 billion at Amanah SSCM Asset Management Bhd. Foreign investors "have been selling down the market in the last month over external factors, now they have this domestic issue that will cause them more worries," he said.
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