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Article: Companies take a beating
- Article from:
- The Malay Mail
- Article date:
- August 19, 2004
- Author:
CopyrightCopyright 2004 The Malay Mail. Provided by ProQuest LLC. (Hide copyright information)
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ELEVEN per cent of mother stocks listed on Bursa Malaysia Bhd,
slumped to their lowest level in 52 trading weeks yesterday, on
concerns that foreign funds might be cashing out from the market.
A check by Mail Money showed that 95 stocks or 11 per cent of
stocks traded on the exchange had slumped to their lowest level in 52
weeks.
Among the companies whose shares were at their lowest ebb in
almost a year were profitable entities such as Gamuda Bhd, Ahmad Zaki
Resources Bhd (AZRB) and MMC Corp Bhd.
Gamuda, one of Malaysia's largest construction groups, closed at
RM4.82, while AZRB and MMC closed at RM2.05 and RM1.85 respectively.
Poultry-related stocks also fell to 52-week lows on concerns ...