Glove makers drag KLCI deeper into the red

KUALA LUMPUR: Glove makers dragged the FBM KLCI deeper into the red in early Thursday trading despite the recent super-normal profits as over the longer term, investors expect average selling prices will decline as production picks up pace.

At 9.20am, the FBM KLCI was down 5.52 points or 0.35% to 1,570.15. Turnover was 766.22 million shares valued at RM535.62mil. There were 230 gainers, 385 losers and 337 counters unchanged.