KUALA LUMPUR: Shares of SP SETIA BHD [] and UEM Land, which had rallied following upgrades by analysts and due to their exposure to the Iskandar Malaysia region, shed some recent gains as investors locked in gains.
At 9.30am, SP Setia was down 14 sen to RM6.79 with 429,800 shares despite a positive outlook by RHB Research Institute. The research house said that based on a PE of 30 times, it raised its indicative price to RM8.05 from RM6.95 and it also maintained an Outperform of the stock.
UEM Land shed nine sen to RM3.16 with 1.38 million shares done.
The FBM KLCI fell 1.45 points to 1,570.11. Turnover was 297.85 million shares valued at RM232.23 million. There were 222 gainers, 171 losers and 212 stocks unchanged.
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At 9.30am, SP Setia was down 14 sen to RM6.79 with 429,800 shares despite a positive outlook by RHB Research Institute. The research house said that based on a PE of 30 times, it raised its indicative price to RM8.05 from RM6.95 and it also maintained an Outperform of the stock.
UEM Land shed nine sen to RM3.16 with 1.38 million shares done.
The FBM KLCI fell 1.45 points to 1,570.11. Turnover was 297.85 million shares valued at RM232.23 million. There were 222 gainers, 171 losers and 212 stocks unchanged.
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