Thursday, February 11, 2010

Top Glove falls after shares trade ex-div



TOP Glove Corp, the world’s largest rubber-glove maker, fell to the lowest level in almost five weeks in Kuala Lumpur trading after the shares traded ex-dividend.

The stock dropped 1.7 per cent to RM10.82 as of the 12.30 pm local time break, set for the lowest close since January 11.

The shares went ex-dividend, meaning that investors buying the stock from today won’t be entitled to the company’s dividends. - Bloomberg

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