Top Glove, Hartalega Holdings Bhd and Supermax Corp Bhd, which are the three FBM KLCI component glove stocks, dragged down the index by nearly 12 points.
PETALING JAYA: The exodus of investors from glove stocks showed no signs of stopping even as valuations turned more attractive such as in the case of Top Glove Corp Bhd
, where its price-to-earnings ratio (PER) dropped to a single digit.
Another round of heavy selling yesterday among the Big Four glove counters wiped out about RM6.3bil in market capitalisation.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
