Glove makers skid, KLCI falls 33pt after RSS uplifted

The selling of glove stocks cast a pall of gloom over the broader market where there were 960 losers, 161 gainers and 282 counters unchanged.

KUALA LUMPUR: Glove makers fell sharply in mid-Monday morning trade and being components of the FBM KLCI, dragged the 30-stock index deep into the red.

The sharp fall could be due to the uplifting of the temporary suspension of regulated short selling (RSS) by the Securities Commission (SC) and Bursa Malaysia Bhd.