Saturday 20 Apr 2024
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KUALA LUMPUR (Nov 28): Hartalega Holdings Bhd’s shares continued to strengthen today, buoyed by a flow of positive news of late.

The stock hit an intra-day high of RM9.68 apiece, before retreating slightly to RM9.66 as at 4.05pm, but were still up 6 sen or 0.63% from its closing price yesterday.

The stock has been on an uptrend since it closed at RM6.39 on Sept 13 this year, appreciating by 51% in just two months. Year-to-date, Hartalega shares have more than doubled their gains from its closing price of RM4.69 on Dec 30, 2016.

In a Nov 21 note, CIMB Research said Hartalega could qualify for inclusion as a KLCI constituent, when the results of the semi-annual review of FTSE Bursa Malaysia Index Series are revealed on Nov 30, 2017.

Earlier this month, the group — which is the world’s largest producer of nitrile gloves — announced it would be introducing the world’s first non-leaching antimicrobial nitrile examination glove, which it said will kill 99.99% of microorganisms on it in less than five minutes, thus reducing hospital-acquired infections.

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