DATA compiled by The Edge Financial Daily show that of the 900 over companies, 769 were in negative territory. The sharp fall was as much as 77.14% since the start of the year.
More than half of the 30 FBM KLCI component stocks have had a double-digit decline in their share price, with Petronas Chemicals Group Bhd being the biggest loser with its share price down 40.82%. Tourism-related stocks such as Genting Bhd (-25.45%), Genting Malaysia Bhd (-19.76%) and Malaysia Airports Holdings Bhd (-24.47%) were among the big losers.
Unsurprisingly, the only three counters which have seen growth in the last two months or so were healthcare stocks, namely Top Glove Corp Bhd (29.79%), Hartalega Holdings Bhd (16.79%) and IHH Healthcare Bhd (2.19%).
For counters with a market capitalisation of above RM5 billion, the top laggards were IOI Properties Group Bhd (-20.97%), followed by Westports Holdings Bhd (-18.05%) and Gamuda Bhd (-17.44%).
Of some 104 stocks with a market capitalisation of RM1 billion to RM5 billion, 58 counters have shown a decline in their share price. Within this bracket, the top four losers were oil and gas-related counters, namely Bumi Armada Bhd (-66.98%), Sapura Energy Bhd (-59.26%), both of which share price has sunken below 20 sen, Velesto Energy Bhd (-55.26%) and Dayang Enterprise Holdings Bhd (-47.41%). (Please refer to charts on Page 5.)
http://www.theedgemarkets.com/article/over-700-stocks-lost-ground-bursa-ytd
