KUALA LUMPUR (May 6): The FBM KLCI fell more than 1% in morning trade on Bursa Malaysia today on broad-based selling as investors weighed factors including the economic impact of the re-enforcement of the movement control order (MCO 3.0) at several places to curb the spread of the Covid-19 pandemic.
At 10.15am, the KLCI had fallen 16.52 points or 1.05% to 1,559.15, while Bursa’s Health Care Index dropped the most after falling 4.25% as rubber glove manufacturers emerged among the top decliners on the local bourse. The recent profit-taking correction should persist pending further clarity of the effectiveness of current MCO restrictions, or any potential stimulus to spark an oversold rebound ahead, while oil and gas (O&G) related stocks extend their recovery, backed by a firm global oil price trend,” TA Securities Holdings Bhd analysts wrote in a note today.
KUALA LUMPUR (April 26): Bursa Malaysia’s healthcare index gained the most in percentage today, among other indices, following investors’ concern over the rising number of daily new Covid-19 cases worldwide.
At 2.59pm, the healthcare index had risen 101.35 points or 3.09% to a two-month high of 3,382.17 points.
The healthcare gauge includes rubber glove manufacturers. The big four rubber glove stocks, namely Top Glove Corp Bhd, Hartalega Holdings Bhd, Supermax Corp Bhd and Kossan Rubber Industries Bhd, were among the top gainers on the local bourse so far today.
The three KLCI constituents among the glove makers also pulled the FBM KLCI higher.
KUALA LUMPUR (April 9): Share prices of rubber glove manufacturers Hartalega Holdings Bhd, Supermax Corp Bhd and Top Glove Corp Bhd slumped in morning trade on Bursa Malaysia today on profit taking after rising yesterday as investors weighed the resurgence in the number of new Covid-19 cases globally.
At 9.40am today, Hartalega’s share price had fallen 23 sen or 2.27% to RM9.91, Supermax dropped 23 sen or 4.72% to RM4.64 and Top Glove was down 12 sen or 2.22% at RM5.28.
Among other glove manufacturers, Comfort Gloves Bhd’s share price dropped 10 sen or 4.24% to RM2.26, while Kossan Rubber Industries Bhd was down eight sen or 2.19% at RM3.58.
17 Mar 2021 / 09:31 H. Group will also expand its factory in Rayong, Thailand to further grow their presence in the E&E and automotive industries in the country.
PETALING JAYA: Volcano Bhd, an international manufacturer of nameplates and plastic injection moulded parts, is aiming to raise RM8.75 million from its ACE Market IPO.
The IPO involves a public issue of 25 million IPO shares and an offer for sale of 35 million shares at the issue price of 35 sen per share, entailing 8.25 million new shares will be available for application to the Malaysian public, 8.25 million new shares allocated for eligible directors, key senior management, employees and business associates, and 8.5 million new shares will be offered by way of private placement to identified investors.
TNB up after announcing dividend payment date, confirming EC shortlist notification theedgemarkets.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theedgemarkets.com Daily Mail and Mail on Sunday newspapers.