Such sentiment is already reflected in share prices of major glove manufacturers — Top Glove Corp Bhd, Hartalega Holdings Bhd, Supermax Corp Bhd and Kossan Rubber Industries Bhd. In securities trading terminology, short selling involves the sale of borrowed securities at higher prices by the borrower, in anticipation that prices of the securities will fall. For the July 11 to 15, 2022 trading week, Ng said the KLCI's average weekly trading value fell 7% week-on-week to RM1.26 billion — its lowest since the trading week ended Dec 28, 2019. Across Bursa during the July 11 to 15, 2022 trading week, Ng said local institutional investors became the largest net sellers of local equities after five weeks of being net buyers. "They were net sellers of RM62 million worth of equities last week vs. net buyers of RM40 million two weeks ago.
