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PETALING JAYA: Glove makers were among the top losers on Bursa Malaysia yesterday as investors booked profits after their prices gained between 15% and 43% over the last four weeks.It was the steepest climb over the last five years.
KUALA LUMPUR: The FBM KLCI drifted lower in morning trade as bearish sentiment over the Covid-19 outbreak continued to weigh on equities even as the ringgit continued to struggle amid softer interest in Malaysian assets.
KUALA LUMPUR: Bursa Malaysia extended its fall in the final minutes of the early session as the central bank announced lower-than-expected gross domestic product growth.
KUALA LUMPUR: Key Asian markets including Bursa Malaysia fell in early Monday trade on mounting worries about the coronavirus which has claimed the lives of more than 900 people in China.
KUALA LUMPUR: Kenanga Investment Research retains overweight on the glove makers and it has Outperform calls on Hartalega, Kossan, Supermax and Top Glove.
SINGAPORE: Tan Sri Lim Wee Chai heads the world’s biggest glove-maker, with 43 factories that can churn out 70.5 billion pieces every year.
KUALA LUMPUR: Key Asian markets rallied between 1% and nearly 3% on Thursday, underpinned by China's move to slash tariffs by half on US goods amid concerns about the coronavirus outbreak.
KUALA LUMPUR: Blue chips were marginally higher early Friday as investors monitored the outbreak of the coronavirus which has been declared a global emergency by the World Health Organisation and the death toll in China rose to 204.
PETALING JAYA: The local market continued its rocky start to the Year of the Rat with experts anticipating more volatility in the days ahead, comparing it to what happened in the previous SARS outbreak.FBM KLCI ended the day 0.08% lower at 1550.47 points, after taking a beating the previous day when it shed 21.17 points to its lowest level since October last year on fears over the fast-spreading coronavirus.
KUALA LUMPUR: Overall market sentiment on Bursa Malaysia was steadier on Wednesday after the previous day's selloff due to the worsening coronavirus outbreak but the FBM KLCI's advance was held in check by Tenaga Nasional and IHH Healthcare.