AKN Tech: Shares of this counter plunged to an intra-day low of RM5.30 in morning trade yesterday as investors took profit following their 7.8% rise on Wednesday. However, the counter later recovered to close only 5 sen lower at RM5.50. The company reported earlier in the week a pre-tax profit of RM6.4mil for the three months to Dec 31, 2002, up from RM5.6mil in the previous quarter. UT Securities noted that this was the fifth consecutive quarter in which AKN Tech had posted a profit increase since Sept 30, 2001.
For latest AKN Tech share prices and charts click here AMMB: AMMB shares fell a further 12 sen to close at RM3.80 yesterday. Dealers said sentiment towards this stock, which was the most heavily traded yesterday, had been affected by the revelation that substantial shareholder UFJ Bank Limited had sold 28.9 million shares, or a 3% stake, in AMMB at a discount. The sale was the second by UFJ in seven months.
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