(Updated)

KLCI trails Healthcare Index rise as Covid-19 spurs glove, pharmaceutical share buy

KLCI trails Healthcare Index rise as Covid-19 spurs glove, pharmaceutical share buy
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KUALA LUMPUR (Dec 8): The FBM KLCI settled up 3.94 points or 0.24% at 1,626.83 during Bursa Malaysia’s afternoon break today while the Healthcare Index rose by a larger percentage as the rising number of global Covid-19 cases led to the buying of shares in rubber glove manufacturers and pharmaceutical companies.

Across Bursa at 12:30pm, 6.76 billion securities were traded for RM3.5 billion.

Bursa’s Healthcare Index settled up 1.29% to become the top percentage gainer among exchange gauges as rubber glove manufacturers emerged among Bursa top gainers.

Supermax Corp Bhd’s share price climbed 42 sen or 5.45% to RM8.12 while Top Glove Corp Bhd added 33 sen or 5% to RM6.93.

Among pharmaceutical companies, Pharmaniaga Bhd settled up one sen or 0.19% at RM5.36.

Healthcare Index constituents Top Glove and rival Hartalega Holdings Bhd are also members of the 30-stock KLCI.

Hartalega’s share price rose 14 sen or 0.97% to RM14.58.

Meanwhile, Bernama reported that gains in Top Glove continued to support the key index (KLCI) on Bursa Malaysia to close the morning session on a firm note despite mixed regional peers.

It was reported that Top Glove was the biggest gainer among the index-linked counters, contributing a substantial 5.248 points to the rise in the composite index.