(also profit taking)
The sale of securities that have risen in price.
- With the Dow Jones and the Nasdaq both enjoying healthy gains, even the troubled internet sector saw some profit-taking as technology stocks rose throughout Friday.
- Analysts said stop-loss selling that had aggravated the recent sell-off in blue-chip stocks was continuing, while profit-taking put a brake on recent gainers such as Sharp Corp.
- ‘A mix of profit-taking, seasonal timing and the proposed legislation to combat stamp duty saving schemes coming into force on July 23 is likely to have contributed to more deals,’ the report states.
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