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KUALA LUMPUR: Top Glove and Hartalgea weighed on the FBM KLCI on Friday as the worse-than-expected 2Q GDP startled investors and saw the broader market weakening.
KUALA LUMPUR: The FBM KLCI declined in Friday morning trade in the lead up to the midday announcement of Malaysia's second quarter gross domestic product.
KUALA LUMPUR: Malaysia’s stock market was lacklustre in early Friday trade ahead of the release of the second quarter GDP data at midday and also due to the muted key Asian markets.
KUALA LUMPUR: Glove makers rebounded early Thursday and helped power Bursa Malaysia higher as investor sentiment perked up following the strong overnight close on Wall Street.
KUALA LUMPUR: Banks and Genting closed higher on Wednesday but the gains were not enough to prevent the FBM KLCI from slipping into the red as investors took profit on Top Glove and Hartalega.
KUALA LUMPUR: A disappointing overnight close on Wall Street saw high flying glove maker retreat in early Wednesday, led by the world’s biggest glove manufacturer Top Glove.
PETALING JAYA: Much has changed at the FBM KLCI even since rubber glove stocks were included in the benchmark index two years ago.
KUALA LUMPUR: The FBM KLCI pared some of its loss on Monday as select index-linked stocks rose to erase the decline caused by profit-taking in glovemakers.
KUALA LUMPUR: Foreign funds accelerated their selling of equities on Bursa Malaysia to RM937.5mil last week against RM226.1mil in the preceding week, according to MIDF Research.