KUALA LUMPUR (April 20): Press Metal Aluminium Holdings Bhd saw some profit-taking activities after its share price has rebounded from its six-month low of RM3.85 to close at RM5.23 yesterday.

As at 10.41am, its share price fell by 3.1% or 16 sen to RM5.07, with about 5.54 million shares traded.

Hong Leong Investment Bank's head of retail research Loui Low shared with theedgemarkets.com that most investors and traders would have taken the opportunity to take profit after such a strong run seen in such a short time frame recently.

"Press Metal has rebounded from its low of RM3.85 to RM5.23 yesterday, which is more than 30% gain in less than a month. Most traders would have taken the opportunity to take profit rather than to allow the profit to diminish," Low said.

He also pointed out that the decline in the share price is in line with the negative sentiment in the Asian stock market following the fall seen on Wall Street overnight after Taiwan Semiconductor Manufacturing Co Ltd's disappointing forecast.