Top 4 glove makers see RM13.5b wiped out from market cap

Hartalega, which was the top loser of the day, saw RM5.69bil wiped out, reducing its market capitalisation to RM35.92bil. Its issued shares were 3.43 billion.

KUALA LUMPUR: Hartalega, Top Glove, Supermax and Kossan came under heavy selling pressure on Monday, the first trading day of 2021, as the regulated short selling (RSS) which came into effect wiped out RM13.56bil in total market capitalisation.

The rout on glove makers saw Hartalega close down RM1.66 to RM10.48 or 13.6% to RM10.48 with 37.8 million shares done.