Glove makers top losers but tech stocks shine

TheStar Tue, Aug 04, 2020 01:15pm - 3 years View Original


This is the second straight day of losses for the 30-stock KLCI where a total of RM20bil was wiped out from the market capitalisation, reducing it to RM1.02 trillion on Monday.

KUALA LUMPUR: Blue chips extended their losses at midday on Tuesday, dragged down by Hartalega and Top Glove as spotlight shifted to their cheaper counterparts.

Semiconductor and tech-related stocks were in the limelight again with the latest data from the US-based Semiconductor Industry Association (SIA) and also rising interest in these counters.

At 12.30pm, the FBM KLCI was down 17.75 points or 1.13% to 1,554.86 and was the only key Asian market in the red except for Shenzen.

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