Top Glove, Budget worries weigh on sentiment

At Bursa, Top Glove was among the top losers after 28 of its factories in Kapar, Klang, will be closed in stages following a surge in Covid-19 cases.

KUALA LUMPUR: Investors' concerns about whether the Budget 2021 would get majority approval in Parliament on Thursday and the closure of some of Top Glove's plants weighed on Bursa Malaysia at midday on Tuesday.

At 12.30pm, the KLCI was down by 9.75 points or 0.61% to 1,587.73, with Top Glove accounting for more than half of the losses in the index.