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Quick take: Rubber glove stocks rally

GameStop mania spreads as far as Malaysian glove makers

The manic ride in GameStop Corp. sparked by American amateur traders on Reddit has inspired some Malaysians to form a similar group targeting shares of glove makers one of Asia’s hottest pandemic trades in 2020. The online community by the name of Bursabets was created on Thursday and is already boasting more than 4,800 members. The moderators of the group have defined it as the “Malaysian version” of Reddit’s WallStreetBets forum, to discuss stocks listed on Bursa Malaysia. The discussions so far have centered on glove makers and calls to rally against institutional investors who have kept valuations of the sector low.

GameStop stock frenzy spreads to Malaysia as amateur traders target glove makers

Shares of Top Glove Corp jumped as much as 15 per cent on Friday, the most since Sept 11. - Reuters KUALA LUMPUR (Bloomberg): The manic ride in GameStop sparked by American amateur traders on Reddit has inspired some Malaysians to form a similar group targeting shares of glove makers one of Asia s hottest pandemic trades in 2020. The online community by the name of Bursabets was created on Thursday (Jan 28) and is already boasting more than 4,800 members. The moderators of the group have defined it as the Malaysian version of Reddit s WallStreetBets forum, to discuss stocks listed on Bursa Malaysia. The discussions so far have centered on glove makers and calls to rally against institutional investors who have kept valuations of the sector low.

EPF sees ESG as vaccine for any crises | The Edge Markets

Malaysia’s largest pension fund aims to make all its investments based on environmental, social and governance practices by 2030, betting a strategy based on holding sustainable assets can make it more resilient against future market upheavals.

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