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KUALA LUMPUR: Genetec Technology Bhd fell in early trade Wednesday as investors take profit after recent gains.
The ACE-market listed company shed 2.45%, or 68 sen to RM27.12, making it the top loser on Bursa Malaysia at 9.45am. It has appreciated more than 1,400% since the beginning of the year.
Genetec was the top gainer on Bursa Malaysia on Tuesday after surged RM3.74 to RM27.80.
A check on Genetec's filings with Bursa Malaysia indicated no recent developments apart from its employees' share option scheme.
In the first quarter ended June 30, Genetec posted a net profit of RM8.18mil against a net loss of RM2.08mil a year ago.
Revenue for the quarter rose to RM40.27mil from RM12.42mil in the same period last year.