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.
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