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Bullish interest in telcos offsets retreat in glove stocks thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.
At 9.09am, the benchmark index was up 2.29 points to 1,602.88. Given the higher oil prices resulting from the recovery of the global economy coupled with the smooth ongoing Covid-19 vaccination, there should be some optimism in the market. Meanwhile the crude palm oil price has rebounded again above the RM3,800 level, said Malacca Securities Research. Some buying interest has returned to glove counters with Top Glove rising 14 sen to RM5.05 and Hartalega adding 20 sen to RM9.45 while Supermax climbing 22 sen to RM4.25. Smaller sector rivals were also on the rise with Careplus adding 13 sen to RM1.53, Comfort Gloves adding 12 sen to RM2.17 and Rubberex gaining 10 sen to RM1.19. ....
Weak sentiment, glove counters weigh on Bursa thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.
MD and largest shareholder sells more Comfort Gloves shares, left with less than 5% stake 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.
KUALA LUMPUR (March 15): Comfort Gloves Bhd’s fourth quarter net profit rose by a whopping 1,246% to a record RM137.87 million, from RM10.24 million a year earlier, underpinned by higher sales volume and average selling prices. Earnings per share for the quarter ended Jan 31, 2021 shot up to 23.65 sen from 1.78 sen, the group said in a stock exchange filing. ....