Shares of all seven glove manufacturing-related counters plummeted by over 10% as investors scrambled to exit on fear of future drop in demand. The bourse’s worst performers list yesterday was also dominated by glove players.
PETALING JAYA: Russia’s claim to have discovered the world’s first Covid-19 vaccine has badly affected the trading of Covid-19 theme stocks on Bursa Malaysia that have rallied over the past months.
This was only further exacerbated by the retreat on Wall Street a day earlier and the mixed sentiment in the regional stock market, causing panicky investors to dump most lower liners on the local bourse.
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