PROTON Holdings Bhd's share price fell 25 sen, or 3%, to RM7.85 yesterday on concerns that the national carmaker is losing market share to local rival Perusahaan Otomobil Kedua Sdn Bhd (Perodua).
Dealers said the stock was also under pressure on worries that the company's profits for the current year ending March 31, 2006 might fall short of expectation on slower-than-expected unit sales and margin erosion.
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