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KUALA LUMPUR (Oct 13): Top Glove has once again overtaken Public Bank as the second most valuable company in Bursa Malaysia following the re-implementation of the Conditional Movement Control Order (CMCO) in Sabah, Selangor, Kuala Lumpur and Putrajaya .
At 11.05 a.m., the world’s largest rubber glove maker saw its share price rise seven sen to RM9.04, raising its market cap (market cap) to RM7.99 billion, thus becoming the second largest company listed on the local stock exchange.
Meanwhile, Public Bank fell six sen to RM15.76, with a market capitalization of RM61.10 billion.
Prior to this, Top Glove had temporarily displaced Public Bank as the second-largest publicly traded company in Bursa Malaysia in July and August this year, but Public Bank soon regained the spot.
Maybank remains the largest publicly traded company with a market capitalization of RM 81.95 billion, although its share price fell six sen to RM 7.29 by mid-morning.
In a note today, Malacca Securities Sdn Bhd said that with the growing number of COVID-19 cases (both local and international), demand for healthcare counters would remain strong while the search for vaccines remains clouded by uncertainties. .
The Healthcare Index added 11.42 points to 4,065.32.
At 11:05 a.m., the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) fell 3.43 points, or 0.23%, to 1,515.0 from Monday’s close at 1,518.43.
The market barometer opened 4.25 points easier at 1.514.18.
Overall, the breadth of the market was negative with the losers leading the winners 438 to 335, while 403 accountants remained unchanged, 949 untraded and another 19 suspended.
The total volume stood at 2.32 billion units worth RM1.35 billion.
The 30 constituents of FBM KLCI continued to bear the selling pressure as investors stayed on the sidelines due to the latest political development in the country.
Digital lost seven sen to RM4.06, MISC fell nine sen to RM6.90, IOI Corp was five sen easier to RM4.35 while Petronas Chemicals and Maxis fell three sen each to RM5.96 and RM5.00, respectively .
Most active counters included Advance Synergy which added two sen to 22.5 sen, Ho Wah Genting racked up 8.5 sen to 74.5 sen, V Solar was down five sen to 3.5 sen while AT Systematization and MTouche Technology were unchanged at seven sen and 5.5 sin, respectively.
The main losers were led by Allianz, which fell 12 sen to RM13.72, Tasco dropped 11 sen to RM1.83, Malaysian airports fell 10 sen to RM4.24, MISC was nine sen weaker to RM6.90 and Muda Holdings was eight sen lower at RM1.67.
On the index board, the FBM Emas index contracted 16.23 points to 10,952.28, the FBMT 100 index fell 14.77 points to 10,772.11, while the FBM Emas Shariah index increased 2.91 points to 13,109 ,twenty-one.
The FBM 70 strengthened 17.48 points to 14,429.78 and the FBM ACE jumped 49.42 points to 10,629.38.
The financial services index fell 59.04 points to 12,485.94, the plantations index weakened 41.34 points to 6,960.84, while the industrial products and services index dropped 0.46 points to 141.86.
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