Malaysia: Top Glove dips on factory shutdown

• Nov 25, 2020

KUALA LUMPUR: Shares in Top Glove Corp Bhd finished the day at RM6.80 – its day’s low, after 28 of its factories in Kapar, Klang, are set to be shut down in stages following a surge in Covid-19 cases.

The fall in its share price also dragged down the FBM KLCI by 6.88 points.

“There are 1,067 cases there today (Monday) alone. The factories will be closed gradually so that their workers can be tested, ” Senior Minister Datuk Seri Ismail Sabri Yaakob was quoted as saying.

Source: https://www.thestar.com.my/business/business-news/2020/11/25/top-glove-dips-on-factory-shutdown