Trading interest in rubber glovemakers increases as Covid-19 cases continue to rise

​Interest in rubber glovemakers rose amid Covid-19 continuing to spread across the globe, with cases impacting every continent except Antarctica

Interest in rubber glovemakers rose amid Covid-19 continuing to spread across the globe, with cases impacting every continent except Antarctica.

In particular, seven new Covid-19 cases were reported in Malaysia on Tuesday (March 3), bringing the national total to 36 cases.

At the time of writing, trading volume in Careplus Group Bhd’s shares jumped, making it one of the top active counters, with 5 million shares done, while the share price was unchanged at 27.5 sen.

Interestingly, within the healthcare sector, the big four rubber glove players were the most active counters. In terms of share price performance, they were all up, with Hartalega Holdings Bhd up 6 sen or 1% to RM6.09, Kossan Rubber Industries Bhd up 3 sen or 0.63% to RM4.81, while Supermax Corp Bhd and Top Glove Corp Bhd were each up 1 sen, to RM1.62 and RM5.71 respectively.

Meanwhile, Adventa Bhd was the top percentage gainer among the sector, up 6.15% or 4 sen at 69 sen.

Year to date, shares of all the glovemakers have been performing, led by Careplus, up 71.88%; followed by Top Glove, up 21.49%; Adventa, up 27.68%; Supermax, up 17.26%; Kossan, up 15.63%; and Hartalega, up 11.68%.

Source: The Edge Markets 

Posted on : 04 March 2020
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Last Updated : Thursday 9th July 2020