Rubber glove makers have been enjoying significant growth in their share prices since May, being the main beneficiaries of the coronavirus (Covid-19) pandemic. At the rate this is going and if the share prices are sustainable until the year end, the FBM KLCI constituents may potentially see another round of rotation to include two more rubber glove counters, something that has never occurred before.
PETALING JAYA: Much has changed at the FBM KLCI even since rubber glove stocks were included in the benchmark index two years ago.
Hartalega Holdings Bhd
was added into the top 30 constituents during the first semi-annual review in 2018 while the subsequent review in December saw the inclusion of Top Glove Corp Bhd.
They are currently the two main beams propping up the FBM KLCI, without which the index would be roughly 200 points lower.
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