FTSE Bursa Malaysia KLCI (^KLSE) 1,646.53 14.83 (0.90%)
updated at: Wed, 09 Dec 2020, 05:25PM MYT

Rubber glove counters back in vogue, among top gainers in morning trade

Original Source From TheEdge Publish at Tue, 08 Dec 2020, 12:53PM

KUALA LUMPUR (Dec 8): Rubber glove counters appeared to be back in vogue for investors today as Supermax Corp Bhd, Top Glove Corp Bhd, Careplus Group Bhd and Comfort Gloves Bhd topped the list of top gainers this morning.

Supermax was the second-highest value gainer on Bursa Malaysia so far today. As of 11.40am, its shares were up by 5.97% or 46 sen at RM8.16, valuing the counter at RM22.2 billion. It saw 12.59 million shares done.

Comfort Gloves was the fifth top gainer, rising by 6.78% or 24 sen to RM3.78, giving it a market capitalisation of RM2.20 billion, with 7.83 million shares transacted.

Top Glove was the sixth top gainer, rising by 3.64% or 24 sen to RM6.84, yielding a market capitalisation of RM56.06 billion. It registered a trading volume of 32.65 million shares.

In the seventh place was Careplus, gaining 8.64% or 21 sen to RM2.64, translating into a market capitalisation of RM1.45 billion.

Meanwhile, rubber glove dipping line manufacturer HLT Global Bhd and Rubberex Corp (M) Bhd were also among the top 20 gainers as at the time of writing. HLT, in the 11th place, was up 16% or 16 sen at RM1.16, while Rubberex, in the 14th place, had advanced by 8.54% or 14 sen to RM1.78.

As for glove giants Kossan Rubber Industries Bhd and Hartalega Holdings Bhd, they both registered more moderate gains.

Kossan was up by 1.02% or six sen at RM5.94, while Hartalega shares were up by 0.69% or 10 sen at RM14.54 apiece.

The overall Healthcare Index, which counts rubber glove manufacturers among its constituents, was up 1.34% or 51.71 points at 3,914.36.

Previously, rubber glove counters closed lower in recent days as investors took profit on the gains seen so far this year.

Supermax will be added to the FBM KLCI on Dec 21, replacing KLCCP Stapled Group. Meanwhile, Top Glove is set to release its latest quarterly results tomorrow.

updated at: Fri, 29 May 2020 MYT
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