Gloves top losers as investors lock in gains

While demand for gloves will likely remain stable post-Covid-19, the average selling prices (ASPs) of the product are expected to ease in the second half of 2021, according to AmInvestment Research. Pic shows barbers wering gloves to cut their customers' hair.

KUALA LUMPUR: Gloves were among the top losers on Thursday as investors decided it was time to lock in the gains from the recent rebound in the share prices.

At 10am, the FBM KLCI was up 5.86 points or 0.36% to 1,642.55. Turnover was 1.61 billion shares valued at RM1.11bil. Advancers led decliners 497 to 388 and 358 counters were unchanged.