Supermax lower as investors sell on news


The inclusion of Supermax followed the final semi-annual review of the FTSE Bursa Malaysia Index Series for 2020 on Thursday.

KUALA LUMPUR: Shares of Supermax Corporation fell to a low of RM8.35 on Friday as investors took profit on the glove maker on news it will be included in the FBM KLCI 30-stock list.

At 12.30pm, it was down 33 sen to RM8.37 with 8.22 million shares done.

The FBM KLCI declined by 6.16 points or 0.38% to 1,622.10. Turnover was 8.85 billion shares valued at RM3.63bil. There were 473 gainers, 701 losers and 427 counters unchanged.

The inclusion of Supermax followed the final semi-annual review of the FTSE Bursa Malaysia Index Series for 2020 on Thursday.

Supermax will replace KLCC in the KLCI as expected. All constituent changes are to take effect at the start of trading on Monday, Dec 21, based on price closings on Dec 18.

Also ending lower at midday were Hartalega, down 16 sen to RM14.50 and erasing 0.84 of a point from the KLCI while Top Glove lost 15 sen to RM6.63 and wiping out 1.88 points.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 18
Cxense type: free
User access status: 3

   

Did you find this article insightful?

Yes
No

74% readers found this article insightful

Next In Business News

US says Vietnam's currency actions 'unreasonable' but holds off on tariffs
Top Glove reports Covid-19 outbreak at four factories
AmBank provides 6-month moratorium for flood victims
Principal Asset launches Next-G connectivity fund
CPO futures to trend lower on profit taking next week
WhatsApp to delay launch of update business features
US National Rifle Association files for bankruptcy
Oil drops over 2% on China lockdowns, U.S. stimulus concerns
Dollar finishes week stronger as US data hurts risk appetite
GLOBAL MARKETS-Data, lockdowns weigh on stocks

Stories You'll Enjoy