Thursday 25 Apr 2024
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KUALA LUMPUR (June 9): Shares in rubber glove makers continued to shine this morning, following the World Health Organisation (WHO) warning the coronavirus situation is worsening worldwide.

Among the glovemakers, Hartalega Holdings Bhd and Top Glove Corp Bhd were in the top 10 gainers' list on the Bursa Malaysia in early trade today.

Hartalega jumped as much as 10.65% or RM1.30 at RM13.50 after the opening bell. At 10.15am, the stock traded at RM13.08 after rising 7.21% or 88 sen, with its price-earnings ratio (PER) now standing at some 94.35 times.

Top Glove gained as much as 5.25% to RM17.24 this morning. It is now trading at 4.65% or 68 sen higher at RM17.06, with the PER standing at 111.43 times.

Other rubber glove counters such as Supermax Corp Bhd climbed as much as 4.73% to RM9.30 while Kossan Rubber Industries Bhd rose as much as 4.12% to RM9.35 this morning.

At the time of writing, Supermax shares traded 3.38% or 30 sen higher at RM9.18, with PER standing at 82.81 times. Meanwhile, Kossan shares were up 1.89% or 17 sen at RM9.15, with PER standing at 49.78 times.

Yesterday, Reuters reported that new coronavirus cases had their biggest daily increase ever as the pandemic worsens globally and has yet to peak in central America. 

WHO urged countries to press on with efforts to contain the virus as the new infection cases topped 136,000 on Sunday, its highest daily tally of new infections so far.

As of June 8, more than 7 million people have been reported infected with the coronavirus globally and over 400,000 have died.

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