Glove makers continue uptrend on bargain-hunting and rising Covid-19 cases in China

Glove makers continue uptrend on bargain-hunting and rising Covid-19 cases in China
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KUALA LUMPUR (Nov 11): Shares in glove makers continued their uptrend on bargain hunting on Friday (Nov 11) against the backdrop of rising coronavirus cases in China.

At the time of writing, Top Glove Corp Bhd had risen 3.39% or three sen to 88.5 sen, Careplus Group Bhd added 2.04% or one sen to 50 sen, Supermax Corp Bhd was up 1.58% to 95 sen, Hartalega Holdings Bhd gained 0.97% or two sen to RM2.08, Kossan Rubber Industries Bhd was up 0.85% or one sen to RM1.19, while Adventa Bhd added 1.43% or one sen to 71 sen.

Reuters on Friday reported that China will not relax its Covid-19 measures but will keep improving them according to the changing epidemic situation and mutation of the virus and will be more scientifically accurate in their implementation, a disease expert said.

China is very cautious in every adjustment it makes in its Covid policies, the National Health Commission said in a statement on Friday, citing Wang Liping, a researcher from the China Center for Disease Control and Prevention.