Ajinomoto shares down on profit-taking

Ajinomoto attributed its better results to higher domestic sales and better margins from export sales arising from the appreciation in US dollar.

PETALING JAYA: Ajinomoto (M) Bhd’s shares shed 0.75% on profit-taking a day after informing Bursa Malaysia it was unaware of the reasons behind the sharp rise in its share price.

The food seasoning and flavour enhancer manufacturer, which had been slapped with a second Unusual Market Activity (UMA) query in five months from the regulator, saw its share price fall 10 sen to close at RM13.28 yesterday on volume of 99,800.