Axiata, DiGi, Maxis, TM fall as Bursa small caps hog spotlight

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KUALA LUMPUR (Oct 11): FBM KLCI-linked telecommunication stocks Axiata Group Bhd, DiGi.Com Bhd, Maxis Bhd and Telekom Malaysia Bhd (TM) fell among Bursa Malaysia top decliners earlier today on profit taking amid rotational interest in small-capitalisation (small-cap) stocks.

At 10:14am, Axiata and TM fell three sen each to RM5.29 and RM6.19 respectively.

At 10:23am, Maxis dropped five sen to RM5.85 while DiGi was down four sen at RM4.94. Maxis and DiGi were Bursa Malaysia's sixth and ninth-largest decliners respectively.

"Given the external uncertainties, (KLCI) blue chips are likely to stay range bound as rotational interest focus on small caps and lower liners, specifically in the oil and gas sector," TA Securities Holdings Bhd wrote in a note today.

Across Bursa Malaysia, 816.86 million shares worth RM380.75 million changed hands at 10:23am. The KLCI fell 1.99 points to 1,759.14 points.