KUALA LUMPUR (Aug 17): Shares in telecommunication companies (telcos) led by Telekom Malaysia Bhd (TM) today were down on broad market losses today.
 
TM's share price dipped 18 sen or 2.84% to RM6.15, with 3.23 million shares traded.
 
TM (fundamental: 0.8; valuation: 1.1) was traded between a low of RM6.05 and a high of RM6.32 today.
 
This was followed by Axiata Group Bhd, which saw its shares fall by as much as 17 sen or 2.93% to RM5.64.
 
Axiata’s (fundamental: 0.85; valuation: 1.1) share price cut losses to trade at RM5.68, down by 13 sen or 2.24% , with 2.41 million shares having changed hands as at 3.06pm.
 
Meanwhile, shares in DiGi.Com Bhd also dropped 10 sen or 1.98% to RM4.95, with 8.37 million shares traded as at 3.34pm.
 
DiGi.Com (fundamental: 1.35; valuation:1.5) was traded at a low of RM4.86 apiece earlier today.
 
The three telco counters, which constitute components of the FBM KLCI, were weighed down by the bearish sentiment of the broad market. The benchmark index has shed 24.35 points or 1.52% to 1,572.47 points as at 3.47pm.
 
In addition, Maxis Bhd lost 5 sen or 0.78% to RM6.35, with a relatively thin volume of 970,700 units done as at 3.35pm.
 
Maxis (fundamental:1.15; valuation:1.1) was traded at a low of RM6.29 apiece earlier, down by 11 sen or 1.72%.
 
(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)