TNBwas yesterday's second biggest loser, with its shares closing 50 sen lower at RM8.55. Over the past three trading days, the stock has fallen by 10%, sliding back to its mid-December level.Dealers attributed the price weakness experienced by TNB and other heavyweight stocks since the start of the new year primarily to fund managers unwinding their positions after closing their books for 2002. A lack of buyers in the market exacerbated the situation, they added.
Pohmay's share price rose 15 sen to RM1.46 ahead of today's listing of 27.5 million new shares arising from a one-for-one bonus issue. The counter's rebound yesterday came after six consecutive days of losses which saw it drop to a low of RM1.29 on Dec 24. In reply to a KLSE query last Friday, the company said it was unaware of any material factor to account for the recent unusual trading activity in the stock