Profit taking pulls down market

From around June, buoyed by excellent company results and corporate developments, stock prices, mostly financial, have been rallying with counters such as FNBB, Barclays and Stanchart leading the pack.

However, characteristic with trends on bourses across the world towards the end of the year, the month of October was dominated by sellers leading to the mainstream Domestic Companies Index (DCI) losing 2.4 percent over the period and still down 9.3 percent on a year-to-date basis.