BUZZ-Electrocomponents: Down to 5 months low on margin and FX pressure

** Electrocomponents falls 3.7 pct, to its lowestsince early Feb after co reports margin pressure and FXheadwinds

** The distributor of electronic products for engineers saysQ1 gross margin contracted 1.7 pct points yr/yr, hurt bynegative impact of foreign exchange, heavy discounting andfaster growth of lower margin products

** Co says implementing actions on pricing, purchasing anddiscounts which should benefit FY gross margin

** "While it is encouraging to see improving top line trendsthese are being offset by continued margin pressure," SanlamSecurities analysts wrote in a note (Reuters Messaging:noor.hussain.thomsonreuters.com@reuters.net)