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Glove stocks fall after Top Glove posts weaker 4Q results
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Global Nitrile Gloves Market Size to Grow at a CAGR of 13 8% During the Forecast Period 2021-2026
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Rubber glove makers among top decliners on Bursa
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At 12.30pm, the key index was up 0.13 points to 1,520.1.
Despite the positive performance on Wall Street overnight as stocks rebounded from Monday s rout, Bursa Malaysia is expected to continue to see selling pressure from the high number of local Covid-19 infections. We expect some initial selling activities on the local bourse before recovering for the session, but upside is likely to be capped amid the high number of daily Covid-19 cases, which may be a concern that could dampen the pace of the economic recovery, said Malacca Securities Research in a note.
It added, however, that the recovery in the Nasdaq could lead technology stocks higher over the week as well as follow-through buying interest emerging in sectors such as consumer, construction and property as the EMCO was lifted in several localities.
Pekat in focus, KLCI slips
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