Profit taking in Top Glove, Hartalega sinks KLCI

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At 5pm, the KLCI was down 18.57 points or 1.23% to 1,492 and it was the worst performer among key Asian markets.

Top Glove fell 60 sen to RM8.88 and wiped out 7.5 points while Hartalega, which lost RM1.20 to RM17.84, erased 6.28 points.

Profit taking of glove makers is seen as healthy due to the several months in their price surge. Buying is expected to pick up later as earnings of glove makers are seen to be sustainable due to the demand. Tenaga was flat at RM10.02, IHH added one sen to RM4.96 while MISC shed four sen to RM6.40. GentingM was flat at RM2 and Geting RM3. Sime Darby gained seven sen to RM2.45.

 

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