Tuesday, September 20, 2011

Dialog slips to more than 5-month low

KUALA LUMPUR: Shares of DIALOG GROUP BHD [] fell to a more than five-month low of RM2.16 on Tuesday, Sept 20 on selling pressure believed to be from funds.

Selling pressure was seen more in the bigger capitalised stock, Petronas Chemicals Bhd which fell to a six-month low of RM5.79.

At 2.55pm, Dialog was down 19 sen to RM2.16. There were 7.14 million shares done.RHB Research Institute has Dialog as its top pick with a fair value of RM3.90.

PetChem fell 26 sen to RM5.79 with 25.09 million units transacted.

The FBM KLCI fell 4.93 points to 1,408.19. Turnover was 429.11 million shares done valued at RM724.59 million. There were 132 gainers, 444 losers and 287 stocks unchanged.

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