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.

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