Caely shares fall on profit-taking

KUALA LUMPUR: Caely Holdings Bhd ’s shares were traded lower in morning trade Friday as investors take profit after the recent gains.

The undergarments manufacturer fell 5.03%, or five sen to 94.5 sen, making it among the top losers so far today. Caely-WA shed 4.5 sen, or 7.09% to 59.5 sen.

Caely said on Monday it was in talks with several China-based lingerie companies to expand its earnings and business prospects.

The company said this was part of its strategy to expand its market share by working with lingerie companies in the region.

Early this month, Ni Hsin Resources Bhd has emerged as a substantial shareholder in Caely Holdings, after acquiring 5.81 million shares in Caely for RM4.62mil, a 7.26% stake, over the past 12 months.

Stock on the Move , Caely