Bit players’ exit set to bite the market


The top three glove makers have added about RM100bil in combined market value in 2020, with Top Glove Corp still the biggest gainer on the MSCI Asia Pacific Index.

KUALA LUMPUR: Forced to stay home when Malaysia deployed its army to ensure strict adherence to the movement control order earlier this year, Victor Yap sat in his living room, listening carefully to a March 27 speech by the Prime Minister.

As Tan Sri Muhyiddin Yassin presented the details of the government’s stimulus package, one thing caught the eye of the 35-year-old property valuer from Kuala Lumpur: a six-month moratorium on loan repayments.

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Bursa Malaysia , rally , moratorium , loans , gloves , Top Glove ,

   

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