According to data from Bloomberg, Top Glove’s shares grew at an exponential rate within a 52-week period, skyrocketing from RM4.21 to its peak of RM26.12, with a market capitalisation of RM62 billion.— Reuters pic
Top Glove’s shares had increased by RM2.40 to RM25.38 after the world’s largest glove manufacturer announced a proposed two-for-one bonus issue of 5.48 billion new shares. Meanwhile, half of the heavyweight counters remained in the red, with Tenaga Nasional declining 18 sen to RM11.36 and DiGi slipping 16 sen to RM4.32.
On the index board, the FBM Emas Index rose 48.53 points to 11,320.98, the FBMT 100 Index appreciated 43.07 points to 11,173.28 and the FBM Emas Shariah Index jumped 127.33 points to 13,126.61.
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