Thursday 25 Apr 2024
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KUALA LUMPUR (Nov 6): Shares of Top Glove Corp Bhd dipped 2.67% to after midday break today.

At 2.32pm, Top Glove's share price dropped 12 sen to RM4.38, making it one of the top losers across Bursa Malaysia.

The stock has a market capitalisation of RM11.21 billion.

In a note on Nov 4, AllianceDBS Research Sdn Bhd analyst Quah He Wei wrote that Top Glove Corp Bhd is at risk of being removed from the FBM KLCI if the rubber glove manufacturer's share price deteriorates further.

"It (Top Glove) is currently ranked 35th by market capitalisation and will be automatically removed if it falls to 36th or below during the review.

"The semi-annual review of the (30) KLCI constituents will take place in December 2019 based on closing prices on Nov 30, 2019," Quah added.

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