Extended rubber glove selldown


Top Glove Corp Bhd and Hartalega Holdings Bhd were among the two largest casualties yesterday, after shaving off RM2.50 and RM1 to close at RM25.40 and RM16.50, respectively.

PETALING JAYA: Positive developments surrounding the vaccine for the coronavirus (Covid-19) and the commitment by the United States to fast-track the experimental vaccine before the presidential polls sent rubber glove counters in Malaysia tumbling.

All the seven glove makers listed on Bursa Malaysia tanked on the extended selldown yesterday, which wiped out RM15.55bil of their market capitalisation as investors shifted their interest towards pharmaceutical-related stocks.

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