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KUALA LUMPUR: The recent selling pressure on glove makers saw Top Glove Corporation and Hartalega's market capitalisation shrink while their weighting in the 30-stock FBM KLCI slip.
KUALA LUMPUR: Bursa Malaysia came under selling pressure early Wednesday following the overnight fall on Wall Street, with glove makers among the top losers.
KUALA LUMPUR: Bursa Malaysia came under selling pressure in late Tuesday morning as the FBM KLCI fell below the crucial 1,500 level on selling of Top Glove and Hartalega.
LONDON: World shares rose slightly led by Europe on Monday after last week's rout in U.S. tech stocks, though investors worried that any rally could be short-lived and valuations remained high against the backdrop of a global economy in recession
SINGAPORE: Oil prices dropped more than 1% on Monday after earlier hitting their lowest since July as Saudi Arabia made the deepest monthly price cuts for supply to Asia in five months while optimism about demand recovery cooled amid the coronavirus pandemic.
AS expected, Corporate Malaysia’s second quarter earnings were extremely disappointing as most corporates, other than the glove sector and, to a certain extent, the plantation and technology sectors, were lashed by the tsunami of movement control order (MCO) and recovery MCO period that followed thereafter.
KUALA LUMPUR: The selling pressure on Bursa Malaysia intensified amid a stream of corporate earnings results as investors took profit on heavyweights including Public Bank and Petronas Chemicals.
KUALA LUMPUR: Sustained selling pressure on glove stocks kept the FBM KLCI in negative territory over the course of the morning session amid rising Covid-19 vaccine hopes.