Glove counters slump, dominate active list on Bursa

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KUALA LUMPUR: Bursa Malaysia drifted lower on Monday with healthcare heavyweights weighing on the index amid volatile trading.

At 5pm, the FBM KLCI ended 2.18 points, or 0.14% lower at 1,504.01, after rising to an intraday high of 1,510.11.

In the broader market, losers outnumbered gainers 496 to 319, with 2.54 billion shares worth RM1.73bil changing hands.

Bursa Malaysia Healthcare index, one of the worst hit, fell 34.49 points or 2.15% to 1,572.95 points today.

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Top Glove Corp, the most active counter on Bursa Malaysia, closed down six sen to 79.5 sen with 178.87 million shares done.

Hartalega Holdings fell 14 sen to RM1.86 with 50.57 million shares traded, Kossan Rubber eased 8.5 sen to 98.5 sen with 58.49 million shares done while Supermax lost three sen to 75.5 sen with 13.26 million shares exchanged hands.

Among the smaller players, Rubberex fell one sen to 46.5 sen, Careplus shed two sen to 35.5 sen and Comfort Gloves declined 0.5 sen to 48 sen.

Among the losers on Bursa Malaysia, Imaspro fell 28 sen to RM4.22, Chin Hin shed 23 sen to RM5, F&N lost 16 sen to RM23.04 and Petron Malaysia declined 14 sen to RM4.61.

Elsewhere in the region, Japan’s Nikkei 225 closed up 1.14%, Hong Kong’s Hang Seng Index fell 0.67%, China’s CSI300 eased 0.13%, South Korea’s Kospi added 0.16% and Singapore’s Straits Times Index declined 0.38%.