Top Glove leads glove makers retreat


“Let us face it; the only relevant information that might aid investors' comprehension of the path of the real economy has come from fiscal stimulus chatter," said Stephen Innes, global chief market strategist at AxiCorp.

KUALA LUMPUR: A disappointing overnight close on Wall Street saw high flying glove makers retreat in early Wednesday, led by the world’s biggest glove manufacturer Top Glove after Russia's claim of proven vaccine platform.

At 9.09am, the FBM KLCI was down 7.71 points to 1,557.03. Turnover was 1.73 billion shares valued at RM503.75mil. The broader market was weak with 440 losers to 150 gainers and 267 counters unchanged.

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