KUALA LUMPUR (July 5): Top Glove Corp Bhd’s share price slipped below the RM4 mark today, dropping by as much as eight sen or 1.99% to RM3.93, its lowest level since May 2020.
The counter pared some of the losses to settle at RM3.95 at the close of trading, giving the group a market capitalisation of RM32.42 billion. Some 22 million shares changed hands.
Top Glove’s peers also came under selling pressure, with Hartalega Holdings Bhd dropping one sen or 0.14% to close at RM7.01, for a market capitalisation of RM24.03 billion.
Supermax Corp Bhd went down 12 sen or 3.72% to close at RM3.11, while Kossan Rubber Industries Bhd lost one sen or 0.32% to RM3.07.
Smaller cap glove counters were not spared from the selldown, with Rubberex Corp (M) Bhd closing down 2.5 sen or 2.92% to 83 sen, Comfort Gloves Bhd down seven sen or 3.54% to RM1.91 and Careplus Group Bhd down two sen or 1.21% to RM1.63.