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KUALA LUMPUR: Several glove makers fell into trading early Tuesday, giving up some of the previous day’s gains in profit-taking, while pharmaceutical stocks rose on hopes of a Covid-19 vaccine.
At 9.35am, the KLCI was down 1.03 points or 0.07% to 1,510.33. The turnover was 1.62 billion shares valued at RM1.15bil. There were 337 winners, 334 losers, and 371 unchanged counters.
On the external front, Asian stocks drifted into the open after breaking two weeks of declines on Monday, Bloomberg reported. The dollar held losses and the yuan held steady after rising to a high this year.
Shares in Japan fell, while Australia and South Korea posted modest gains.
In Bursa on Monday, foreign funds became net sellers at RM187.9k and local institutions at RM91.6k, but local retail investors were net buyers at RM279.5k.
Supermax fell 43 sen to RM8.57 while Rubberex, Comfort Gloves and Top Glove each fell 19 sen to RM5.44, RM4.18 and RM8.39 but Hartalega
He gained 38 sen at RM13.38 and Kossan 36 sen at RM11.46.
Pharmaniaga jumped 29 sen to RM4.78 and Duopharma 28 sen to RM3.38, since they would benefit from the distribution of vaccines for Covid-19.
MPI was the top winner, rising 52 sen to RM17.92, MMAG 23 sen to RM1.39 and LPI 22 sen to RM13.12.
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