Allianz's rally halts after downgrade


Maybank Investment Bank Research had downgraded the stock after the recent rally.

KUALA LUMPUR: Insurer Allianz fell to the lowest since Dec 31,2018 on Tuesday after investors took profit following the recent rally.

At 3.05pm, it was down 62 sen to RM16.10. There were 29,600 shares done at prices ranging from RM16.10 to RM16.80.

Celebrate Merdeka with 50% Off!
T&C applies.

Monthly Plan

RM13.90/month
RM6.95 only

Billed as RM6.95 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM6.17/month

Billed as RM78 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Chin Chee Seong elected SME Association national president
Finding 'humanity' in finance
Oil posts big weekly drop after US jobs data
Investors with Australian property: Beware TAX
Malaysia can lead EV charge
Getting a good price for your home
Investing amid shifting expectations
Economic proxy play
Putting money on the banks
Higher credit score, better mortgage options

Others Also Read