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.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
gloves , profit taking , pre-pandemic level

Next In Business News

Hong Kong billionaire puts quarter of his wealth in gold
Rianlon’s RM1.27bil project boosts Johor’s high-value manufacturing push
Opensys wins RM22mil cash recycling machines supply contract
Reservoir Link secures its first CCS solutions contract
PETRONAS appoints Mohd Jukris as COO effective Feb 1, 2026
FBM KLCI ends flat ahead of Bank Negara policy meeting
Oil down as easing Iran unrest dampens geopolitical risk premium
CIMB boosts customer protection with new biometric authentication in Octo App
IJM tumbles 5%, short selling suspended amid MACC probe
China set to keep rates steady for eighth month, some traders wager on Q1 easing

Others Also Read